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  3. Study Set
    M Business
  4. Exam
    Exam 14: Accounting and Financial Statements
  5. Question
    _____ Refers to Money Owed a Company by Its Clients
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_____ Refers to Money Owed a Company by Its Clients

Question 66

Question 66

Multiple Choice

_____ refers to money owed a company by its clients or customers who have promised to pay for the products at a later date.


A) Accounts payable
B) Accounts receivable
C) Current assets
D) Current liabilities
E) Balance sheet

Correct Answer:

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