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Accounts Receivable

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

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.

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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.

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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

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