The Asset Created by a Business When It Makes a Sale

question 120

Multiple Choice

The asset created by a business when it makes a sale on account is termed

• A) accounts payable
• B) prepaid expense
• C) unearned revenue
• D) accounts receivable

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Definitions:

Single Definition

A precise and unambiguous explanation of a term or concept.

Quiet and Competent

Typically refers to an individual who performs their duties efficiently without seeking attention.

Heredity

The transmission of genetic characteristics from parents to offspring.

Personality Characteristics

Enduring attributes or traits of an individual that influence behaviors and reactions across various situations.