My question is essentially about the polar representation of complex numbers used in steady state analysis of AC circuits.
As far as I know a complex number \$a+jb\$ is represented as \$M \angle \theta\$, where M is the magnitude of the complex number and \$\theta\$ is the angle that it makes with the positive x-axis.
But in circuit analysis we replace \$A\cos(\omega t+\theta)\$ by \$A\angle\theta\$, which does not agree with how complex numbers are represented. According to me, \$A\cos(\omega t+\theta)\$ should rather be written as \$Re(A\angle\theta)\$, because it is the real part of the complex number \$A e^{j(\omega t+\theta)}\$ (I know that we drop the \$\omega t\$ part as it remains the same for all the currents and voltages in a circuit consisting of linear components).