What Is Accounts Receivable

question 11

Multiple Choice

What is accounts receivable?

• A)Amounts a customer owes our business from a credit sale where the customer promises to pay later.
• B)Amounts a customer has already paid us and the receivable represents discounts we will pay our customers at a later date.
• C)Amounts a customer will pay us at a later date only if we provide a service or product to them.
• D)Amounts we must return to our customer if they pay us within a specified period of time.

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Definitions:

Glomerular Filtration

The process by which the kidneys filter blood, removing excess fluids and waste products to produce urine.

Blood Pressure

A measure of the force that circulating blood exerts against the walls of blood vessels.

Tubular Reabsorption

The process by which the nephrons in the kidneys recover water and solutes from the filtrate and return them to the circulating blood.

Juxtaglomerular Apparatus

A structure in the kidney that regulates blood pressure by managing the release of renin.