Final answer:
Accounts receivable is an asset, as it represents money owed to a company that is expected to be received in the future. It is not a liability, which is a company's debt or financial obligation. Bank's net worth is determined by subtracting liabilities from assets.
Step-by-step explanation:
An accounts receivable is considered an asset for a company. In accounting terms, it represents money that is owed to the company by its customers for goods or services that have been delivered or used, but not yet paid for. In a bank's balance sheet, similar to any business, assets are what the bank owns and are of value, such as cash, reserves, and loans issued to customers. On the other hand, a liability refers to any debt or obligation owed by the company, such as loans, mortgages, and customer deposits. According to the information provided, a bank's net worth is calculated as the value of its assets minus its liabilities. Receivables are included in a bank's assets, indicating what customers owe to the bank, and are an important component of its overall financial health.