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Receivables arise when a company provides a service or sells a product to someone on credit. An asset is a resource that is owned or controlled by the company to an alternative way to write the accounting equation would be: be used for future benefits. Some assets are tangible like cash while others are theoretical […]

Receivables arise when a company provides a service or sells a product to someone on credit. An asset is a resource that is owned or controlled by the company to an alternative way to write the accounting equation would be: be used for future benefits. Some assets are tangible like cash while others are theoretical […]