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  3. Study Set
    Accounting
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    Exam 1: Accounting and the Business Environment
  5. Question
    A Promise Received from a Business's Customers to Pay for Goods
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A Promise Received from a Business's Customers to Pay for Goods

Question 28

Question 28

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

Correct Answer:

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