Solved

The Normal Balance of Accounts Receivable Is a ________ Because

Question 74

Multiple Choice

The normal balance of Accounts Receivable is a ________ because it is a(n) ________ account.

A) credit; liability
B) debit; expense
C) credit; shareholders' equity
D) debit; asset

Related Questions

Q19: A trial balance is simply a list

Q56: The trial balance is used to prepare

Q69: Performing a service on account would include

Q72: Describe what is listed on a trial

Q73: The payment for rent of the office

Q75: Posting,a part of the accounting process,refers to:<br>A)

Q76: Use T-accounts to show the resulting balance

Q78: This summarizes all the account balances for

Q96: The retained earnings account represents the money

Q98: All shareholders' equity accounts typically have a