loans receivable definition
An asset account in a bank's general ledger that indicates the amounts owed by borrowers to the bank as of a given date.
An asset account in a bank's general ledger that indicates the amounts owed by borrowers to the bank as of a given date.
Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com. Read more about the author.