Question

21. Write short note on:
a)
Account Receivable System
b)
Units of Measure in Tally
c) Storage Devices.​

Answer 1

Answer:

a) Accounts receivable (AR) is the balance of money due to a firm for goods or services delivered or used but not yet paid for by customers. Accounts receivables are listed on the balance sheet as a current asset. AR is any amount of money owed by customers for purchases made on credit.