An Account Receivable Is Recorded in the Accounting Records as A(n)

question 93

Multiple Choice

An account receivable is recorded in the accounting records as a(n)

• A) liability.
• B) expense.
• C) asset.
• D) revenue.

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Definitions:

Supreme Court

The highest judicial court in a country or state, with the authority to make final decisions on legal matters.

Unconstitutional

Being in violation of the principles or provisions of a country or state's constitution.

Granted Custody

The legal authorization given to an individual to care for and make decisions for another, often used in the context of child custody cases.

Do-it-yourself Forms

Refers to tasks or projects where individuals engage in producing or fixing things for themselves, typically in their own homes, without the direct aid of professionals or experts.