For the items listed , select the appropriate code letter whether the item is :
-Accounts Receivable
A) Asset (A)
B) Liability(L)
C) Equity item (E)

Name: For the items listed , select the appropriate code letter whether the item is : -Accounts Receivable A) Asset (A) B) Liability(L) C) Equity item (E)
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Question

Quizplus · Accepted Answer

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

For the Items Listed , Select the Appropriate Code Letter