Assets created by selling products or services on credit are
A)Expenses.
B)Accounts receivable.
C)Accounts payable.
D)Equity.
E)Liabilities.

Name: Assets created by selling products or services on credit are A)Expenses. B)Accounts receivable. C)Accounts payable. D)Equity. E)Liabilities.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Assets created by selling products or services on credit are recorded as accounts receivable, which represent the amount of money owed to the company by its customers. This is not an expense, liability, or equity.

Assets Created by Selling Products or Services on Credit Are