The Accounts Receivable Account Is A(n)________ Account and Carries a ________

question 150

Multiple Choice

The Accounts Receivable account is a(n) ________ account and carries a ________ normal balance.

• A)liability; debit
• B)asset; debit
• C)liability; credit
• D)asset; credit

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Definitions:

Consultant

A professional who provides expert advice in a particular area or specialized field to improve client outcomes.

Role

A set of expectations or functions associated with a particular position or status within a group or society.

Spokesperson

A spokesperson is an individual appointed or designated to speak on behalf of an organization, group, or another person, particularly to the media or public.

Mediator

A neutral third-party who helps resolve disputes by facilitating communication between conflicting parties, aiming for a mutually acceptable agreement.