👉 "Receivableness" is a concept in the field of business ethics and management, particularly related to customer service. It refers to how well a company meets its customers' expectations or needs for quality, service, and responsiveness. In simple terms, "receivableness" means that a company should always deliver what it promises to provide, whether it's on time, in good condition, or at the right price. This involves ensuring customer satisfaction by providing goods or services that are of
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What is the definition of Receivable? 🙋
👉 A receivable refers to a financial asset, such as a check or credit card, that is expected to be paid back by another party within a specified period of time. Receivables are typically classified into three categories: accounts receivable, inventory, and other receivables. Accounts receivable refers to the amount of money owed to customers for goods or services they have purchased from you in the past. This type of receivable is often referred to as "cash" or "cash on hand
What is the definition of Receivables? 🙋
👉 Receivables are assets that have not yet been paid for by the customer. They represent amounts of money owed to a company or individual by customers who have purchased goods or services from the company, but have not yet received payment. This includes amounts due on accounts receivable, which are typically considered long-term liabilities because they are expected to be collected over time.
