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A loan receivable is the amount of money owed from a debtor to a creditor (typically a bank or credit union). It is recorded as a “loan receivable” in the creditor’s ;· Loans receivable is an accounting term that refers to the manner in which lenders classify the outstanding money owed them by debtors. The lender could be anyone form banks, financial institutions and private investors to individuals. Loans receivables are entered in the accounting ledgers of the lenders as money that is yet to be repaid by the Receivable. Accounts payable is a liability since it’s money owed to creditors and is listed under current liabilities on the balance sheet. Current liabilities are short-term liabilities of a company, typically less than 90 days. The balance in the accounts receivable account is comprised of all unpaid ;· What are Loans Receivable? Loans receivable is an account in the general ledger of a lender, containing the current balance of

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