What are receivables and why a huge amount of receivables is not good for businesses?
Whenever a company sells a product, it is not always in return for cash. Sometimes companies sell goods on credit too to attract customers. This has been a norm across industries throughout the years. The customers who owe the company money from such credit sales are called debtors or the company calls it receivables. The problem arises when the receivables rise or become too high.
This article was originally published on June 27, 2022.
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