Miller is the owner of a restaurant that has several franchises. One of the franchisees owes Miller a sum of $18,000 for the goods that he had bought from Miller on credit. In this scenario, the money owed to Miller is known as _____.
A) checkoff
B) the freight expense
C) accounts receivable
D) the laid-down cost

Question

Quizplus · Accepted Answer

Accounts receivable refers to the money owed to a company by its customers for goods or services delivered on credit.

Miller Is the Owner of a Restaurant That Has Several