Under which of the following categories would Accounts Receivable appear?
A) current assets
B) current liabilities
C) long-term assets
D) long-term liabilities

Name: Under which of the following categories would Accounts Receivable appear? A) current assets B) current liabilities C) long-term assets D) long-term liabilities
Brand: Quizplus
Rating: 4.9 (35 reviews)

Question

Quizplus · Accepted Answer

Accounts Receivable represents money that is owed to a company by its customers and is considered a current asset because it is expected to be collected within one year.

Under Which of the Following Categories Would Accounts Receivable Appear