Question

A company has prepared the operating budget and the cash budget and is now preparing the budgeted balance sheet. the balance of accounts receivable can be obtained from the? _

Answer 1

The balance of account receivable can be obtained from the cash receipts from customers. Account receivable refers to the money paid to the company as a result of the service they render or the products sold. Account receivable on the balance sheet refers to the invoices which a company has sent to its customers and it is recorded as an asset.