👉 Receivability, defined as the ability of a product or service to be delivered on time and without any delay. This concept is crucial in ensuring that businesses can fulfill their commitments and maintain customer trust, thereby increasing sales and profitability.
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What is the definition of Receivability? 🙋
👉 Receivability is a concept in accounting that refers to the ability of an entity to pay its obligations as they become due. This concept is important for financial decision-making, particularly when assessing the solvency and liquidity of a company. It involves understanding how much money or assets can be received from one period to another, and how efficiently these payments are made. In summary, receivability refers to the ability of an entity to pay its obligations as they become due.
