Accounts receivable accounts for specific customers are important because they show
A) How much each customer purchases
B) How much each customer has paid
C) How much each customer still owes
D) The basis for sending bills to customers
E) All of these

Question

Quizplus · Accepted Answer

Accounts receivable for specific customers are important because they encompass all aspects mentioned: they show how much each customer purchases, how much each has paid, how much each still owes, and they serve as the basis for sending bills to customers.

Accounts Receivable Accounts for Specific Customers Are Important Because They