lexjenae5181 lexjenae5181

21-10-2022
Business

Answered

At the end of the accounting period anderson company had $4,500 in accounts receivable and $500 in its allowance for doubtful accounts account. Based on this information the net realizable value of accounts receivable is?.

Answer :

shomerajeshwari90 shomerajeshwari90

30-10-2022

The net realizable value of accounts receivable will be $4000, considering the value of accounts receivable and allowance.

Given information:

Accounts receivable = $4,500

Allowance for doubtful accounts = $500

Net realizable value of accounts receivable = $4,500-$500 = $4000.

The balance of money owed to a company for products or services delivered or utilized that have not yet compensated for by clients is known as accounts receivable (AR). On the balance sheet, accounts receivable are listed as a current asset. Any amount of money that individuals owe for transactions they made using credit is known as AR. Usually accounts receivables are part of company's working capital.

Learn more about account receivables here:

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