• Lets say that you called ABC Pest Control and purchased $200 of its services on account. You knew that the business kept track of the fact that someone owed $200 as an account receivable, but it did not record who owed the $200. Therefore, the business could not send out bills at the end of the month; it simply relied on its customers to remember how much they owed and send in their payment on time. Do you think most people would pay the amount of money they owed on time?