A Promise Received from a Business's Customers to Pay for Goods

question 28

Multiple Choice

A promise received from a business's customers to pay for goods and services that they received from the business is called a(n) :

• A) account receivable.
• B) account payable.
• C) revenue.
• D) expense.

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Definitions:

Adaptive Problem Solving

A cognitive strategy to effectively address and overcome obstacles and challenges in various contexts.

Analyze Thoughts

The mental process of breaking down complex ideas into simpler components for assessment, often employed in various forms of therapy to understand and manage an individual's cognitive patterns.

Hypothetical Situations

Scenarios or conditions that are imagined for the purpose of discussion, analysis, or experimentation, often used to explore possibilities or outcomes.

Diary

A personal record, often kept regularly, of one’s experiences, thoughts, and feelings.