It means that revenues have been earned from selling products or providing services but that the accounts

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It means that revenues have been earned from selling products or providing services but that the accounts receivable from those revenues have not yet been collected or if the receivables have been collected, the cash has been used for some purpose other than paying bills.

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Accounting What The Numbers Mean

ISBN: 9780073379418

8th Edition

Authors: David Marshall, Wayne McManus, Daniel Viele

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