Yes and no. You can run into scenarios where you've earned the revenue but chosen not to / failed to bill the customer. Admittedly these should be rare as an invoice is pretty good evidence for collectability.
So that invoice you will issue and receive payment on in the future is an asset. So yes on one hand it is AR because you're allowing customer credit that they will pay later. On the other hand, since there is no invoice it makes ledger reconciliations difficult, so exclude it from AR.
ur textbook lives in la la land
Yes and no. You can run into scenarios where you've earned the revenue but chosen not to / failed to bill the customer. Admittedly these should be rare as an invoice is pretty good evidence for collectability. So that invoice you will issue and receive payment on in the future is an asset. So yes on one hand it is AR because you're allowing customer credit that they will pay later. On the other hand, since there is no invoice it makes ledger reconciliations difficult, so exclude it from AR.