Final answer:
An accounts receivable due within 60 days is classified as a current asset on the balance sheet because it is expected to be converted into cash within the one-year operational cycle.
Step-by-step explanation:
If an accounts receivable is due within 60 days, it is classified on the balance sheet as a current asset. In accounting, assets are segregated into two categories based on their liquidity - current assets and non-current (long-term) assets. Current assets are expected to be converted into cash or used up within one year or within the operating cycle of the business, whichever is longer. Since the accounts receivable in question is due within 60 days, it falls within this threshold and, therefore, is considered a current asset.