What type of asset is accounts receivable?

Accounts have 3 types of accounts those are : Real, Nominal, Personal.

Nominal accounts are those accounts which deals in income and expenses.

Real accounts deals in accounts like cash, accounts recievable etc.

Personal accounts deals in accounts of people like Mr.Sam account.

So Account Recievable is Real account. ---- In financial accounting, accounts receivable is not a "cost" at all. Accounts receivable is an account that records money owed to a company by a customer. This account is recorded under the "current asset" accounts on the Balance Sheet.