Which of the Following Statements Is Not True

question 174

Multiple Choice

Which of the following statements is not true:

• A) Accounts receivable are increased by customer payments.
• B) Accounts receivable are held by a seller.
• C) Accounts receivable are classified as assets.
• D) Accounts receivable are increased by billings to customers.
• E) Accounts receivable arise from credit sales.

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Definitions:

Social

Relating to society or its organization, emphasizing the interaction and relationships of individuals within a community.

Verbal Skills

The ability to communicate effectively and expressively using words, either verbally or in writing.

Enterprising

Showing initiative and willingness to undertake new projects.

Detail Oriented

The characteristic of being meticulous and precise, paying close attention to the fine points and specifics.