Houston Natural Resources Corp (HNRC)

[Supervisor]

Receivables are recorded as an asset by the company because it expects to receive payment for the outstanding amounts soon. Long-term receivables, which do not come due for a significant length of time, are recorded as long-term assets on the balance sheet; most short-term receivables are considered part of a company's current assets.

You can't spend money you don't have yet, thus receivables ACCUMULATE!!