Accounts receivable are normally reported at the:

a.) Present value of future cash receipts.

b.) Current value plus accrued interest.

c.) Expected amount to be received.

d.) Current value less expected collection cost

Question

Business

Edward Sullivan

16 December, 14:17

Accounts receivable are normally reported at the:

a.) Present value of future cash receipts.

b.) Current value plus accrued interest.

c.) Expected amount to be received.

d.) Current value less expected collection cost

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Answers (1)

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Jenna Mayo · Answer 1

Answer: C - Expected amount to be received.

Explanation: Accounts receivable is an accounting head in the books of account and it is used to record all amount receivable from debtors.

The amount are initially recorded with the value of the debtors invoice as that is the actual value of the transaction.

Therefore the expected amount as at when paid will be recorded in the books as received.

Accounts receivable does not consider the future value of an expected payment but is concerned about the actual amount recorded and actual amount received as at when due.

Accounts receivable are normally reported at the:a.) Present value of future cash receipts.b.) Current value plus accrued interest.c.) Expected amount to be received.d.) Current value less expected collection cost

Accounts receivable are normally reported at the:

a.) Present value of future cash receipts.

b.) Current value plus accrued interest.

c.) Expected amount to be received.

d.) Current value less expected collection cost