The net realizable value of accounts receivable is the full amount owed by customers.

Name: The net realizable value of accounts receivable is the full amount owed by customers.
Brand: Quizplus
Rating: 4.9 (42 reviews)

Question

Quizplus · Accepted Answer

The statement is false. The net realizable value of accounts receivable is the full amount owed by customers minus any estimated allowances for doubtful accounts or uncollectible amounts. Therefore, it is the net amount of cash we expect to collect, not the full amount.

The Net Realizable Value of Accounts Receivable Is the Full