The amount which a company's customers owe the company for products delivered or services rendered is found in the

Question

Quizplus · Accepted Answer

The amount which a company's customers owe the company for products delivered or services rendered is known as accounts receivable and it is a current asset that can be found in the balance sheet. The income statement shows the revenue earned from those sales but not the amount owed by customers. The statement of cash flows shows the movements of cash in and out of the company but not the specific amount of accounts receivable. Footnotes may provide additional information about accounts receivable but not the specific amount owed.

The Amount Which a Company's Customers Owe the Company for Products