What stage of accounting is also known as the "accounts receivable" stage?

The "accounts receivable" stage refers to the period in which a business has provided goods or services to customers but has not yet received payment. This aligns with the concept of filled customer orders that remain uncollected, as it signifies that while the transactions have occurred, the cash has not yet been realized. At this stage, businesses need to track and manage these outstanding receivables to ensure timely collection, which is crucial for maintaining healthy cash flow and financial stability.

In contrast, the other options do not capture this specific financial relationship. The obligation stage deals with commitments to pay expenses that are not yet settled, unfilled customer orders refer to orders placed by customers that have yet to be fulfilled, and accrued expenditures unpaid pertain to expenses incurred but not yet paid. These categories do not encompass the process of collecting money from customers who have already received their products or services, which is the hallmark of accounts receivable. Therefore, focusing on the aspect of outstanding payments for filled orders highlights why this stage is accurately described as the "accounts receivable" stage.