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REC in Accounting Meaning

The REC meaning in Accounting terms is "Receivables". There are 2 related meanings of the REC Accounting abbreviation.

REC on Accounting Full Forms

  1. Receivables Shown as assets on a balance sheet, money which is owed to a company by customers who have purchased goods or services on credit.
  2. Recovery The removal of residual stresses by localized plastic flow as the result of low-temperature annealing operations; performed on cold worked metals without altering the grain structure or strength properties substantially. In Backup, Recovery, and Media Services, the process of locating and restoring data in the event of partial or total data destruction.

Frequently Asked Questions (FAQ)

  1. What does REC stand for Accounting?

    REC stands for Receivables in Accounting terms.

  2. What is the shortened form of Recovery in Accounting?

    The short form of "Recovery" is REC for Accounting.

Citation

REC in Accounting. Acronym24.com. (2022, January 21). Retrieved May 15, 2024 from https://acronym24.com/rec-meaning-in-accounting/

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