The aggregate of amounts owed to a business by is customers is known as

The aggregate of amounts owed to a business by its customers is known as accounts receivable. Accounts receivable is a financial term used to describe the money that a company has a right to receive from its customers who have bought goods or services on credit. It represents the total amount of outstanding payments that are due to a business, and is considered an asset on the company's balance sheet. The term "receivable" refers to the fact that the amount owed is expected to be paid by the customer in the future, and is not yet collected by the business. The accounts receivable balance can be an important indicator of a company's financial health, as it represents the amount of money that the business expects to receive in the near future.