The realisable value of accounts receivable equals gross accounts receivable less the allowance for doubtful debts account.

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This statement is true. The realisable value of accounts receivable is the amount that is expected to be collected from customers. It is calculated by subtracting the allowance for doubtful debts from the gross accounts receivable. The allowance for doubtful debts account represents an estimate of the portion of accounts receivable that is unlikely to be collected due to non-payment or other factors. Subtracting this allowance from the gross accounts receivable gives a more accurate picture of the actual amount that is expected to be received from customers.

The Realisable Value of Accounts Receivable Equals Gross Accounts Receivable