How would trade debtors normally be classified in a statement of financial position?
A)As a current liability
B)As a current asset
C)As a non-current liability
D)As a reserve

Question

Quizplus · Accepted Answer

Trade debtors are amounts owed to the company from its customers, and are considered a current asset since they are expected to be converted into cash within one year or the operating cycle of the business.

How Would Trade Debtors Normally Be Classified in a Statement