Asked by Peyton Miller on Jul 03, 2024
Verified
Which of the following is money owed to a business by credit customers?
A) Accounts receivable
B) Accounts payable
C) Trade credit
D) U.S.Treasury bill
E) Secured bond
Accounts Receivable
Money owed to a company by its customers for products or services that have been delivered or used but not yet paid for.
- Differentiate between short-term and long-term assets and liabilities.
Verified Answer
MF
Mirna FrancisJul 09, 2024
Final Answer :
A
Explanation :
Accounts receivable represents money owed to a business by its customers who have purchased goods or services on credit.
Learning Objectives
- Differentiate between short-term and long-term assets and liabilities.