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.

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Business

Josephine

20 April, 22:32

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.

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Agustin Bruce · 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.