Q346
Company who sells products to customer without demanding immediate payment but record it in balance sheet as
A.
account payable
B.
account receivable
AnswerC.
account equivalent
D.
account investment
Answer: Option B
Solution
Answer: Option B
Solution:
Company who sells products to customer without demanding immediate payment but record it in balance sheet as account receivable. Accounts receivable is the balance of money due to a firm for goods or services delivered or used but not yet paid for by customers.