An Account Receivable Represents

Multiple Choice

An account receivable represents

A) an asset with long-term use or value, such as land, buildings, and equipment.
B) an amount due from a customer who has purchased goods on credit.
C) an expense, such as rent, that is paid before the upcoming period in which it is due.
D) a nonphysical asset, such as a patent or trademark, that has economic value in the form of expected benefit.
E) an asset that can or will be converted to cash within the following year.