______ is the amount that customers owe to a company after receipt of item(s) purchased.
A)Accounts payable
B)Accounts receivable
C)Accounts deferred
D)Accounts accrued

Question

Quizplus · Accepted Answer

Accounts receivable is the amount that customers owe to a company after receipt of item(s) purchased. It represents the amount of money that a company is entitled to receive for goods or services that it has sold but has not yet received payment for. Accounts payable, on the other hand, is the amount that a company owes to its suppliers or vendors for goods or services that it has purchased but has not yet paid for. Accounts deferred and accounts accrued are not relevant in this context.

______ Is the Amount That Customers Owe to a Company