𝐈𝐬 𝐀𝐜𝐜𝐨𝐮𝐧𝐭 𝐑𝐞𝐜𝐞𝐢𝐯𝐚𝐛𝐥𝐞 𝐚𝐧 𝐀𝐬𝐬𝐞𝐭 𝐎𝐫 𝐀 𝐋𝐢𝐚𝐛𝐢𝐥𝐢𝐭𝐲?

𝐈𝐬 𝐀𝐜𝐜𝐨𝐮𝐧𝐭 𝐑𝐞𝐜𝐞𝐢𝐯𝐚𝐛𝐥𝐞 𝐚𝐧 𝐀𝐬𝐬𝐞𝐭 𝐎𝐫 𝐀 𝐋𝐢𝐚𝐛𝐢𝐥𝐢𝐭𝐲?

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Account receivable is classified as an asset because it is the amount that the company will receive on behalf of the services that it has provided.