The balance in accounts receivable represents the amount of cash the company is required to pay in the future.

Name: The balance in accounts receivable represents the amount of cash the company is required to pay in the future.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The balance in accounts receivable represents the amount of cash that the company is expecting to receive in the future from its customers who owe it money. It does not represent the amount of cash the company is required to pay.

The Balance in Accounts Receivable Represents the Amount of Cash