Accounts Receivable Which Are Also Referred to as ______________ Receivables

question 196

Short Answer

Accounts receivable which are also referred to as ______________ receivables are amounts owed by customers on account.

---

Definitions:

Tax Revenue

The income that is gained by governments through taxation, which is used to fund public services and government obligations.

Government

The organization, machinery, or agency through which a political unit exercises authority and performs functions and which is usually classified as democratic, authoritarian, etc.

Excise Tax

Excise tax is a type of tax charged on specific goods, services, and activities, such as alcohol, tobacco, and fuel, usually to discourage their use or generate revenue.

Consumers' Burden

The part of the incidence of a tax borne by consumers, often reflected in higher prices or reduced consumption of taxed goods.