Accounts Receivable (AR) An account that represents the money owed to a company by its customers for goods or services sold on credit. Related Articles: Adjusting Entries-Definition, Example, Types, Importance, and Format [Notes with PDF]40 Important Adjusting Entries [With PDF]Glossary: Accounts Receivable (Customers) Subsidiary LedgerGlossary: Accounts Receivable TurnoverGlossary: Trade Receivables