Accounts Receivable Is A(n)________ Account and Has a Normal ________

question 154

Multiple Choice

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

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

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Definitions:

Decentralization

The distribution of decision-making power and authority away from a central authority to more local or individual actors within an organization or system.

Standardization of Skills

The process of establishing and promoting certain skills as norms or requirements, ensuring a consistent skill set across individuals in a domain.

Standardization of Outputs

The process of making the products, services, or results produced by a system or organization uniform in quality and specification.

Direct Supervision

The management approach where a supervisor is directly involved in overseeing the day-to-day activities and performance of employees.