Accounts Receivable company, balance, already

hardwork24

On a company’s balance sheet, is it assumed that Accounts Receivable is listed at a value, already reduced by Allowance for Doubtful Accounts?

Kiakaha

I think the adjustment is always included. Quoting schweser “Accounts receivable are reported at net realizable value (based on management’s estimates of collectibility).
” under LOS 33e

HuskyGrad2010

You sure? I read somewhere that it automatically includes the reduction of Accts Rec from Allowance for Doubtful Accts. Maybe I’m crazy, but it’s definitely good to know one way or another.

luda002

It will usually say the word net if it includes allowances for doubtful accounts. Net receivable or net trade receivables, etc. Otherwise, I don’t think it includes allowances.