Are accounts receivable on an income statement?

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What kind of journals are posted for the accounts receivable and is this balance recorded on the income statement or on the statement of financial position?

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score 0 · Answer 1 · 2012-12-02T18:52:18+00:00

Accounts receivable consist of many different balances but the most common one is the sales that have been made which are not paid yet. These unpaid sales is an asset for the company and it is part of the balance sheet and not part of the income statement.