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Is Accounts Receivable An Asset?
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TOPIC: Is Accounts Receivable An Asset?
Is Accounts Receivable An Asset? 1 year 2 weeks ago #7872
Yes, Is Accounts Receivable An Asset is a type of asset. It is a current asset because it is can be convertible into cash within short period typically within a year. The financial resource reflect future income of company which has to be received. It also making a valuable for tracking liquidity and financial health. AR is a type of assest which shows company ability to extend credit to customers.
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