An In-Depth Look at the Audit of Accounts Receivable and its Impairment Assessment

Accounts receivable refers to the money owed by customers to a business for the goods or services they have purchased on credit. It is an important part of a business's working capital and represents the amount of cash that the business can expect to receive in the near future.

source https://www.caclubindia.com/articles/indepth-look-at-audit-of-accounts-receivable-and-its-impairment-assessment-49540.asp