Multiple Choice
What entry would be made in account receivable when a company has billed its client $230,000 during the financial year and client have sent in payments totalling $87,908.The business uses cash-based accounting?
A) $230,000
B) $87,908
C) 0
D) $142,092.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q9: An account that measures the amount of
Q10: The total credits recorded in revenue accounts
Q11: A customer purchased $1,500 of services on
Q12: If a company is paid in full
Q13: Creative Ads Inc.,provides $5 million of advertising
Q15: The net profit margin for Jewelers Inc.is
Q16: Revenues come solely from selling a company's
Q17: Net income for the accounting period will
Q18: Deferred Revenue is an alternative name for
Q19: Businesses adhere to roughly the same steps