How will accounts receivable appear on the following financial statements?
A) Asset on the balance sheet
B) Expense on the income statement
C) Liability on the balance sheet
D) Revenue on the income statement

Name: How will accounts receivable appear on the following financial statements? A) Asset on the balance sheet B) Expense on the income statement C) Liability on the balance sheet D) Revenue on the income statement
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Question

Quizplus · Accepted Answer

Accounts receivable are an asset and therefore will appear on the balance sheet.

How Will Accounts Receivable Appear on the Following Financial Statements