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:

Presbycusis

Age-related hearing loss, gradually occurring in individuals as they grow older, affecting the ability to perceive or understand sounds.

High-Pitched Sounds

Sounds that are high in frequency, typically perceived as shrill or squeaky by the human ear.

Atonia

A condition characterized by a lack of muscle strength or muscle tone, often occurring during sleep phases such as REM sleep.

Pertussis

Also known as whooping cough, a highly contagious bacterial disease causing severe coughing fits and difficulty breathing.