Classify each of these items as :
-Accounts receivable
A) Asset (A)
B) Liability (L)
C) Equity (E).

Name: Classify each of these items as : -Accounts receivable A) Asset (A) B) Liability (L) C) Equity (E).
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Accounts receivable represent amounts owed to the company by customers for sales made on credit, which is classified as an asset because it is expected to bring economic benefits to the company in the future.

Classify Each of These Items as