Question

when darla prepares her company's balance sheet, she should include in the list of current assets. a. land b. equipment c. leased property d. accounts receivable

Answer 1

When Darla prepares her company's balance sheet, she should include accounts receivable in the list of current assets. Option D

What are accounts receivable?

Generally, Accounts receivable, also known as AR or A/R, are claims for payment that are legally enforceable that are held by a firm for products delivered or services performed that consumers have requested but have not yet paid for. The abbreviation for accounts receivable is accounts receivable.

The money that consumers owe a firm for products or services that they have received but have not yet paid for is referred to as the company's accounts receivable.

For instance, the amount that is owed by consumers who buy things on credit is added to the accounts receivable when such customers make their purchases.

In conclusion, When Darla is putting out the balance sheet for her firm, she needs to make sure that the list of current assets includes accounts receivable. The D Option

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CQ

when darla prepares her company's balance sheet, she should include ___ in the list of current assets. a. land b. equipment c. leased property d. accounts receivable