What Type of Account Is Accounts Receivable

question 94

Multiple Choice

What type of account is Accounts Receivable?

• A)Asset
• B)Liability
• C)Expense
• D)Revenue

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Definitions:

Legitimate

A term that refers to something that is lawful, sensible, and justified within a given set of rules or societal norms.

Referent

An entity or aspect that forms the basis for comparison, identification, or referencing in communication or thought processes.

High Integrity

This term describes individuals or entities that consistently adhere to strong moral and ethical principles in all their actions.

Politics

Activities associated with the governance of a country or area, especially the debate among individuals or parties hoping to achieve power.