In the REA Framework, an Account Receivable Would Be Classified

question 37

Multiple Choice

In the REA framework, an account receivable would be classified as a(n) :

• A)Asset
• B)Event
• C)Resource
• D)none of these

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Definitions:

Receivables

Money owed to a business by its customers for goods or services that have been delivered but not yet paid for.

Inventory

The products and resources kept by a company with the primary purpose of being sold, used in manufacturing, or consumed.

Supply Chain Decision-Making

The process of strategizing, planning, and executing actions across the supply chain to optimize operations and performance.

Competitive Strategy

A method businesses use to achieve a competitive advantage by planning how to outperform their rivals.