Question

accounts receivables is typically listed as a current asset because collection is usually expected within a year or less

Answer 1

Accounts receivables are listed as current assets because they represent money owed to a business by its customers.

Step-by-step explanation:

Accounts receivables are typically listed as a current asset because the collection is usually expected within a year or less. An account receivable is a claim that a business has on its customers for goods or services provided on credit. It represents the amount of money that is owed to the business by its customers.