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accounts receivable management

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Accounts Receivables (AR) refers to the proceeds or payments a company will receive from its customers for the products sold or services offered on credit. The term ‘receivables’ points to the money that is due to an organisation for goods and services offered from customers who are yet to pay for the same. Accounts receivables are featured as current assets on the balance sheet.  Businesses require cash to ensure all the activities/operations can run smoothly.…