On which financial statement and at what amount are accounts receivable reported?
A) Balance sheet at the amount owed by customers
B) Income statement at the net uncollectible amount
C) Income statement at the amount written off
D) Balance sheet at the net realizable value

Question

Quizplus · Accepted Answer

Accounts receivable are reported on the balance sheet at the amount expected to be collected which is accounts receivable less allowance for uncollectible accounts, also known as net realizable value.

On Which Financial Statement and at What Amount Are Accounts