Which account includes bank account balances?
A) Accounts Receivable
B) Notes Receivable
C) Cash
D) Prepaid Expenses

Name: Which account includes bank account balances? A) Accounts Receivable B) Notes Receivable C) Cash D) Prepaid Expenses
Brand: Quizplus
Rating: 4.8 (47 reviews)

Question

Quizplus · Accepted Answer

Bank account balances fall under the category of Cash accounts. Accounts Receivable and Notes Receivable both refer to money owed to the company by customers, while Prepaid Expenses refer to future expenses that have already been paid for.

Which Account Includes Bank Account Balances