Which statement lists the amounts of accounts receivable for this month?

Which statement lists the amounts of accounts receivable for this month?

• A. Profit and loss statement
• B. Cash flow statement
• C. Balance sheet
• D. Income statement

Answer: (B)

The correct statement for listing the amounts of accounts receivable for a given month is the balance sheet. The balance sheet provides a snapshot of a company's financial position at a specific point in time, detailing assets, liabilities, and equity. Accounts receivable, which represents money owed to the company by customers for goods or services delivered but not yet paid for, is classified as a current asset on the balance sheet. In contrast, the profit and loss statement, income statement, and cash flow statement focus on different aspects of financial performance, such as revenue, expenses, and cash movements over a period rather than providing a detailed account of specific assets at a particular moment. Therefore, the balance sheet is the appropriate financial document for identifying the current amount of accounts receivable.

The correct statement for listing the amounts of accounts receivable for a given month is the balance sheet. The balance sheet provides a snapshot of a company's financial position at a specific point in time, detailing assets, liabilities, and equity. Accounts receivable, which represents money owed to the company by customers for goods or services delivered but not yet paid for, is classified as a current asset on the balance sheet.

In contrast, the profit and loss statement, income statement, and cash flow statement focus on different aspects of financial performance, such as revenue, expenses, and cash movements over a period rather than providing a detailed account of specific assets at a particular moment. Therefore, the balance sheet is the appropriate financial document for identifying the current amount of accounts receivable.