Multiple Choice
When a business makes a sale on account, the asset created is a(n) :
A) revenue.
B) expense.
C) account receivable.
D) account payable.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q101: Which of the following accounts are a
Q102: Which of the following transactions would increase
Q103: Cash dividends paid to the stockholders will:<br>A)increase
Q104: Consider the following transactions: I. Owners invested
Q105: A chart of accounts is organized in
Q107: When a company performs a service and
Q109: The Balance Sheet lists:<br>A)assets, liabilities, and revenues.<br>B)revenues
Q110: Which of the following is NOT an
Q111: Accrued Salaries Payable is a liability account.
Q152: An owner makes an investment of cash