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An account in the general ledger representing the amount due the business from its customers for goods and/or services sold on credit.
- Browse Related Terms: Accounts Payable, Accounts Receivable, Bank Reconciliation, Corporation, Hawaii Capital Loan Program (HCLP), Market, Marketing, Obligations, Partnership, Ratio, Return on Investments (ROI), Services Corps of Retired Executives (SCORE), Subchapter "S" Corporation