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Is an installment receivable listed as an asset on the balance sheet?
Wiki User
∙ 12y ago
Yes. If due within 1 year or cycle its a current asset, otherwise its long term
Wiki User
∙ 12y ago
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How would fees receivable appear on the balance sheet?
Fees receivable would appear on the balance sheet as an asset.
What is the asset-offset of an accounts receivable?
Yes. Accounts receivable, or receivables for short, represent a financial obligation to the organization and are represented on the asset side of the balance sheet.Generally yes, most of your accounts receivable will be listed as a current asset. To make sure however remember the rule of current assets. Current assets are anything that can be turned into "cash.Accounts receivable is considered a short term asset.
What is accounts receivable on a trial balance sheet?
Asset- Debit balance
On a company's balance sheet where is accounts receivable classified?
on a company's balence sheet account receivable is classified under assets. Accounts Receivable is a Current Asset and usually listed below Cash and Cash Equivalents.
A note receivable due in 18 months is listed on the balance sheet under the caption?
it is Current assets.
Does accounts receivable go on a balance sheet as liabilities and equity?
Accounts receivable would appear as an asset (+) on a balance sheet.
Where is the account receivable be in trial balance?
debit balance under current asset
Are notes receivable liability?
NO, notes receivable is an asset and are listed as such. A receivable is something the company expects to collect over time, account receivable is the account used for accounts that will be paid for in a year or less, while a note receivable is used for ones that are expected to take over a year to pay. Both Accounts receivable and Notes receivable are assets and are listed on the Balance Sheet as such. (GAAP)
Can accounts receivable normally have a debit balance?
Accounts receivable in an asset account and normally maintains a debit balance. So the answer is Yes.
Is notes receivable debit?
Yes notes receivable has debit balance as default balance because it is receivable in future as well as it is asset for which benefit has not yet been taken.
Is accounts receivable listed on balance sheet under liabilities and equity?
On a balance sheet, "accounts receivable" are considered an asset. . NOT a liability. Think about it . . this is money that is due to the business compared to "accounts payable" which is money due to someone else. . .and thus a liability.
Are commissions earned an asset?
Commisions may appear on a balance sheet as an asset in accounts receivable
