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Binet was asked to help find a way to distinguish slower students from more capable ones, and this led to Binet's development of
Sales Account
An account in the general ledger that records the revenue from goods sold or services rendered to customers.
Accounts Receivable
The balance of money owed to a firm for goods or services delivered or used but not yet paid for by customers.
Credit Sale
A transaction in which goods or services are provided to a customer with an agreement to pay at a later date.
Accounts Receivable
Accounts receivable is the money that is owed to a company by its customers for goods or services that have been delivered but not yet paid for.
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