The Classification and Normal Balance of the Accounts Receivable Account

question 74

Multiple Choice

The classification and normal balance of the accounts receivable account is:

• A)an asset with a debit balance.
• B)a revenue with a debit balance.
• C)a liability with a debit balance.
• D)an asset with a credit balance.

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Definitions:

Competitive

Characterized by or involving rivalry among parties, where each party attempts to outperform others to achieve a particular objective.

Canadian Sociology

The study of social behavior, structures, and relationships within the context of Canadian society.

American Sociology

A branch of sociology that studies social behavior, structures, and dynamics within the United States context.

Radical

Describes ideas, individuals, or movements that aim for thorough and fundamental changes in society, often challenging deeply entrenched norms or structures.