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  4. Accounts Receivable (AR)
  1. Home
  2. Choice Industry Acronyms
  3. Accounts Receivable (AR)

Accounts Receivable (AR)

  • Definition: Money owed to the hotel because of sales made on credit. Shown on the Balance Sheet as an “asset”. Sometimes referred to as “AR” for short.
  • Example: Money owed to the property from its guests/corporate accounts..

References: https://academia.edu/15440500/Hotel_Operations_Management_Glossary

Updated on August 17, 2021

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