Accounts receivable are valued and reported on the balance sheeta. in the investment section. b. at gross amounts less sales returns and allowances. c. at cash realizable value. d. only if they are not past due.

Question

Business

Abigayle Lozano

26 April, 21:00

Accounts receivable are valued and reported on the balance sheeta. in the investment section. b. at gross amounts less sales returns and allowances. c. at cash realizable value. d. only if they are not past due.

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Answers (1)

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Stephens · Answer 1

The correct answer is letter "C": At cash realizable value.

Explanation:

Accounts Receivable in Accounting refers to the money that is owed to a company by its customers. The customers, who may be individual or corporations are the debtors since they owe money for the goods or services provided by the company on credit. Accounts receivable are reported as a current asset or realizable value on the balance sheet.