Question

Accounts receivable are normally reported at the: A) Present value of future cash receipts. B) Current value plus accrued interest. C) Amount expected to be collected. D) Current value less

Answer 1

Answer:

C) Amount expected to be collected.

Explanation:Account receivable are normally recorded in the asset segment of the balance sheet,as it represents the total amount of money which a business Organisation is expecting from its customers especially after it has given some products or rendered some services to them on credit. In mist instances, the customers are given specific short time frames to effect the payments lasting between a few days to months.