<div style="text-align: justify;"><b style="font-size: small; line-height: 20px;"><u>Overview</u></b><span style="font-size: small;"><font color="#009900"><b><br></b></font></span></div><div style="text-align: justify;"><span style="font-size: small;"><font color="#009900"><b>Accounts receivable</b></font> is a legally enforceable claim for payment held by a business against its customer/clients for goods supplied and/or services rendered in execution of the customer's order. These are generally in the form of invoices raised by a business and delivered to the customer for payment within an agreed time frame. Accounts receivable is shown in a balance sheet as an asset. It is one of a series of accounting transactions dealing with the billing of a customer for goods and services that the customer has ordered. These may be distinguished from notes receivable, which are debts created through formal legal instruments called promissory notes.</span></div><div style="text-align: justify;"><span style="font-size: small;"><br></span></div><div style="text-align: justify;"><span style="font-size: small;"><i><a href="http://en.wikipedia.org/wiki/Accounts_receivable" title="Accounts Receivable" target="_blank">Accounts Receivable in Wikipedia</a></i></span><span style="font-size: small;"><br></span></div>