Amounts owed to a company by its customers are classified as:

Question

Quizplus · Accepted Answer

Amounts owed to a company by its customers are referred to as accounts receivable, which are assets on the company's balance sheet. Therefore, the best choice is (D) receivables. The other options are not relevant, as payables refer to amounts owed by the company to its suppliers, dividends refer to payments made to shareholders, and cash refers to the company's liquid assets.

Amounts Owed to a Company by Its Customers Are Classified