In the context of balance sheets, accounts receivable is an example of _____.
A) current liabilities
B) immovable assets
C) current assets
D) depreciated liabilities

Question

Quizplus · Accepted Answer

Accounts receivable is considered a current asset because it represents money owed to a company by its customers for goods or services delivered, which is expected to be received within a short period, typically within a year.

In the Context of Balance Sheets, Accounts Receivable Is an Example