menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Accounting Study Set 5
  4. Exam
    Exam 1: The Role of Accounting in Business
  5. Question
    A Promise Received from a Business's Customers to Pay for Goods
Solved

A Promise Received from a Business's Customers to Pay for Goods

Question 58

Question 58

Multiple Choice

A promise received from a business's customers to pay for goods and services that they received from the business is called a(n) :


A) account payable.
B) revenue.
C) expense.
D) account receivable.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q9: All business managers are legally bound to

Q53: Which of the following financial statements reports

Q54: Which of the following amounts appears on

Q54: A business owner starts a new business

Q55: Lindsey Smith decided to start her own

Q56: Assets are $150 000 and total liabilities

Q57: Assets are $270 000 and owners' equity

Q60: Scott's Camera Shop started the year with

Q63: The business receives cash from a customer

Q97: The Australian conceptual framework encompasses non-profit organisations

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines