An example of an asset is:
A) Beverage allowances
B) Room sales
C) Taxes collected and due to be paid to a municipal government
D) Accounts receivable due from guests
E) All of the above depending on the circumstances

Question

Quizplus · Accepted Answer

Accounts receivable due from guests is an example of an asset because it represents money owed to the business that is expected to be received in the future, making it a resource owned or controlled by the business.

An Example of an Asset Is