The Asset Created by a Business When It Makes a Sale

question 120

Multiple Choice

The asset created by a business when it makes a sale on account is termed

• A) accounts payable
• B) prepaid expense
• C) unearned revenue
• D) accounts receivable

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Definitions:

Repetitive Reports

Reports that are produced on a recurring basis (daily, weekly, monthly) to track and record consistent data over time.

Appendix

A supplementary material at the end of a book, document, or report, containing additional information.

Supplementary Information

Supplementary information consists of additional details or data that support the main content but are provided separately to aid understanding.

Report Body

The main section of a report that contains the detailed information, analysis, and findings on the topic being reported.