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Accounts Receivable/Highland School and Accounts Receivable/Sam Jones are both classified as?

User Ygg
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Answer: Current Assets or just Assets

Step-by-step explanation:

Accounts Receivables refer to those that purchased goods or services from the business but have not paid for them i.e. they purchased the goods on credit. They therefore owe the business.

They are classified as assets to the business because they represent money that will come into the business and they are classified as current assets because they will pay the money within the period.

User S McCrohan
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