_____ refers to amounts that are owed to a business for merchandise that was sold on credit.

Question

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Receivables refer to amounts owed to a business for goods or services that were sold on credit. Payables refer to amounts owed by a business to its suppliers or creditors. Deposits refer to funds held by a business on behalf of customers or as security for future transactions. Charge backs refer to transactions that are reversed by a bank or credit card company, typically due to suspected fraud or disputed transactions.

_____ Refers to Amounts That Are Owed to a Business