Question

You are evaluating your current portfolio of investments to determine those that are not performing to your expectations. You have all of the companies' most recent annual reports.
Required:
For the following, indicate where you would locate the information in an annual report. (Hint: The information may be in more than one location.)
(c) Accounts receivable.

Answer 1

Accounts Receivable are located on the asset side of the balance sheet as the current asset.

Accounts receivable are the formed when company allows buyers to purchase on credit. it is the money owed by the company from its buyers.

It helps in the determining the company's strength by determining the accounts receivable ratios.

It is treated as current asset because it is liquid in nature as money due to the company is received in short time period.

It is recorded in the balance sheet because it is obligation for the customers to pay their debts to the company.

To know more about accounts receivables:

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