Accounts receivable are normally reported at the: Multiple Choice Present value of future cash receipts. Current value plus accrued interest. Expected amount to be collected. Current value less expected collection costs.

Question

Hamza Salas

Business

17 October, 08:33

Accounts receivable are normally reported at the: Multiple Choice Present value of future cash receipts. Current value plus accrued interest. Expected amount to be collected. Current value less expected collection costs.

+1

Answers (1)

Know the Answer?

Nyasia Woodard · Answer 1

Expected amount to be collected.

Explanation:

Accounts receivable is defined as revenue that is expected to be collected by a firm for goods and services offered to its customers.

It is what is being owed to the business and is due for collection at a particular time in the future.

Accounts receivable are recorded on the balance sheet as current assets. They are created when a customers buys goods and services on credit

The turnover ratio analysis is usually carried out an accounts receivable to determine when the business is actually collecting payments.