Is accounts receivable an asset account?

Question

522 viewsDecember 4, 2012Accounting

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Cano December 2, 2012 0 Comments

Is accounts receivable an asset account or is it an income statement account? Is it a current or a non current asset?

1 Answer

score 0 · Answer 1 · 2012-12-02T16:48:55+00:00

Accounts receivable is indeed an asset account. Remember that when a credit sale is made, you credit your revenue account and you debit your accounts receivable.