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24 September, 19:09

On which financial statement would the ending balance of the account "accounts receivable" be found? A. Income statement B. Statement of cash flows C. Statement of retained earnings D. Balance sheet

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  1. 24 September, 20:44
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    D) Balance Sheet.

    Explanation:

    The balance of the account receivables it's found on the Balance Sheet, mostly in the Current Assets item, sometimes could be found too some Account Receivables balance on the Non Current Assets, but it depends of the business sector.

    What is for sure is that the company always have a Account Receivables balance in the Current Assets and sometimes in the Non Current, always in the Balance Sheet Statement.
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