What account represents amounts expected to be received from customers?

The account that represents amounts expected to be received from customers is Accounts Receivable. This account reflects the sales made on credit, where the company has delivered goods or services but has not yet collected cash from the customers. In this scenario, Accounts Receivable serves as an asset on the balance sheet, indicating expected future cash inflows.

As customers make purchases on credit, they incur a liability to the business, which results in the business recording the amount in Accounts Receivable. Tracking these amounts is essential for managing cash flow and understanding the company's financial position, as it directly impacts available cash for operations and future investments. In summary, Accounts Receivable plays a critical role in accounting by ensuring that anticipated cash inflows from sales are recognized and managed effectively.