Is Accounts Receivable a current Asset?

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Is Accounts Receivable A Current Asset? It is yes, accounts receivable is a current asset. Accounts receivable, as we often see on the balance sheet, should really only be included in the current assets section because it is something that will convert into cash within 1 year. This is a balance sheet line item and acts as an important measure of business health over short period of time. Accounts receivable can be high due to strong sales, or because of difficulty in collecting balances that are overdue.