You'll get hands-on experience with handling accounts receivable, accounts payable, payroll procedures, sales taxes, and various common banking activities. Current Assets is an account on a balance sheet that represents the value of all assets that could be converted into cash within one year.Accounts receivable (AR) is money your customers owe you for products or services that you have sold. Find out why AR is important and how to track it. Current feeds include payroll transactions, student accounts receivable transactions and purchase orders. Many companies who extend credit to their customers sell. CSEC Collins Poa Multiple Choice Book - Free download as PDF File (. Pdf) or read online for free. Prepare the T accounts for accounts receivable and allowance for uncollectible from ACCT 2301 at Collin County Community College District. 3 Pledges and grants receivable, net.