Which of the following is an asset in the balance sheet?
A)Accrued expenses
B)Accounts payable
C)Accounts receivable
D)Taxes payable
E)Wages payable

Name: Which of the following is an asset in the balance sheet? A)Accrued expenses B)Accounts payable C)Accounts receivable D)Taxes payable E)Wages payable
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Question

Quizplus · Accepted Answer

Accounts receivable is an asset because it represents money owed to the company by customers for goods or services delivered but not yet paid for.

Which of the Following Is an Asset in the Balance