Are accounts receivable current or long-term liabilities?

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Accounts receivable are current assets. They're not liabilities. A/cs payable are current liabilities.

2007-08-23 04:13:58 · answer #1 · answered by Sandy 7 · 0⤊ 0⤋

Accounts receivable is an asset. Liabilities is a claim against the asset.

2007-08-23 18:04:27 · answer #2 · answered by Anonymous · 0⤊ 0⤋

Sandy is right -- current assets. Accounts payable are liabilities.

2007-08-23 11:22:43 · answer #3 · answered by DEEDEE 1 · 0⤊ 0⤋