Are accounts receivable credit or debit? 704 viewsDecember 4, 2012Accounting 0 Wray December 2, 2012 0 Comments I know that the double entry accounting system has credits and debits. I don’t know if I am supposed to debit or credit the accounts receivable though. 1 Answer ActiveVotedNewestOldest 0 Hiatt Posted December 2, 2012 0 Comments The Accounts receivable account is an asset. As with all other assets, the entries are as follows: Debit means that the accounts receivable increase and credit means that the accounts receivable decrease. Register or Login Search for:
