Management of Accounts Receivables on the Performance of Public Corporations

Management of Accounts Receivables on the Performance of Public Corporations

THE CONCEPT OF ACCOUNT RECEIVABLES – Accounts receivables created each time an individual of firm grants credit to its customers represent the amount owed by these regular customers of the individual firm usually from the sale of merchandise or offering of certain services.         

          It can be defined as claims usually stated in terms of a fixed amount of money arising from the sale of goods, performance of services, lending of funds of from some other types of transactions which establish a relationship whereby one party is indebted to the other. [Read more…]