Which of the Following Defines Accounts Receivables

question 97

Multiple Choice

Which of the following defines accounts receivables?

• A) Stocks and bonds that a business may hold in the hope that they would provide a greater return to the business rather than just letting cash "sit" in a bank account.
• B) The amount of money due to a business from prior credit sales.
• C) A formal debt instrument that will be paid to the company within a year.
• D) An accrual accounting term that represents payments made in advance of their actual occurrence.
• E) Tangible goods held by a business for the production of goods and services.

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