How would trade debtors normally be classified in a statement of financial position?

Name: How would trade debtors normally be classified in a statement of financial position?
Brand: Quizplus
Rating: 4.7 (50 reviews)

Question

Quizplus · Accepted Answer

Trade debtors are amounts owed to a company by its customers for goods or services that have already been provided. As these receivables are expected to be collected within the next 12 months, they are classified as a current asset on the statement of financial position.

How Would Trade Debtors Normally Be Classified in a Statement