What is Accounts Receivables / Debtors & Revenue in ERP (SAP)

Accounts Receivables / Debtors and Revenue  Definition in ERP (SAP)

Accounts Receivables / Debtors

Third parties from whom amounts are due in respect of sale of products or in respect of certain contractual obligations are termed as Accounts Receivable.


Revenue

Revenue is the gross inflow of cash, receivables or other consideration arising in the normal course of business from the sale of products.

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