Which one of the following is not an accounting issue associated with accounts receivable?
A)Depreciating accounts receivable
B)Recognizing accounts receivable
C)Valuing accounts receivable
D)Estimating the amount collectible

Question

Quizplus · Accepted Answer

Depreciating accounts receivable is not an accounting issue associated with accounts receivable. Depreciation is a concept applied to fixed assets such as equipment or buildings to account for their gradual loss in value over time. Accounts receivable, on the other hand, represent amounts owed to a business by its customers for goods or services sold on credit. The accounting issues associated with accounts receivable include recognizing them as assets on the balance sheet, valuing them at their net realizable value, and estimating the amount collectible.

Which One of the Following Is Not an Accounting Issue