Under which of the following categories would Accounts Receivable appear?
A) Current assets
B) Current liabilities
C) Long-term assets
D) Long-term liabilities

Name: Under which of the following categories would Accounts Receivable appear? A) Current assets B) Current liabilities C) Long-term assets D) Long-term liabilities
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Question

Quizplus · Accepted Answer

Accounts Receivable is an asset and appears under the category of Current assets in the balance sheet as it is expected to be collected within a year.

Under Which of the Following Categories Would Accounts Receivable Appear