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Accounts Receivable
Money owed to a business by its customers for goods or services delivered but not yet paid for, typically recorded as an asset on the balance sheet.
Accounts Payable
An obligation to a lender recorded on an open account, typically relating to the acquisition of goods and services.
Creditor
A creditor is an entity (person or institution) that lends money or extends credit to another entity, with the expectation of being repaid in the future, possibly with interest.
Financial Accounting Ethics
Principles and standards guiding ethical behavior and practices in the field of financial accounting, focusing on honesty, transparency, and integrity.
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