Anonymous
Anonymous asked in Business & FinanceOther - Business & Finance · 1 month ago

Why is accounts receivable an asset?

You don t have or own money that you are going to receive some time in the future. I don t get it.

3 Answers

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  • Scott
    Lv 7
    1 month ago

    It certainly isn't a liability. 

  • 1 month ago

    Accounts receivable are amounts which are owed to a business by its customers for goods and services supplied to them on credit terms. The money is owed to the business so it is an asset.

  • 1 month ago

    They are receivables, not money lent to someone that you hope they will pay you back.

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