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19/06/2020 · Loans receivable is an account in the general ledger of a lender, containing the current balance of all loans owed to it by borrowers. This is the primary asset account of a ;· Loans receivable is an account in the general ledger of a lender, containing the current balance of all loans owed to it by borrowers. This is the primary asset account of a lender. A subsidiary ledger may be used to store the detail on each of the loans outstanding, where the ending balance in the subsidiary ledger matches the ending balance for 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 Loans receivable is an accounting term that refers to the manner in which lenders classify the outstanding money owed them by debtors. Loans receivables are entered in the accounting ledgers of the lenders as money that is yet to be repaid by the receivable definition — Acco