Which of the Following Best Describes Accounts Receivable

question 68

Multiple Choice

Which of the following best describes accounts receivable?

• A)The amount of cash owed by a company to its vendors for purchases of products or services on account.
• B)The amount of cash collected by a company from its customers from the sale of products or services on account.
• C)The amount of cash owed to a company by its customers from the sale of products or services on account.
• D)The amount of cash not expected to be collected by a company from its customers from the sale of products or services on account (bad debts).

---

Definitions:

Workers' Compensation

A form of insurance providing wage replacement and medical benefits to employees injured in the course of employment, in exchange for mandatory relinquishment of the employee's right to sue their employer for the tort of negligence.

Workers' Compensation

Insurance program that provides benefits to employees who suffer job-related injuries or illnesses.

Information Technology

The employment of computers, storage solutions, networks, and various tangible components, infrastructure, and procedures for the generation, processing, storage, protection, and sharing of all types of digital data.

Health And Safety Programs

Initiatives and procedures implemented by organizations to minimize risks and protect the health and safety of employees.