The Accounts Receivable account:
A)has a normal credit balance.
B)is increased by a debit.
C)is a liability.
D)is increased when a company receives cash from its customers.

Name: The Accounts Receivable account: A)has a normal credit balance. B)is increased by a debit. C)is a liability. D)is increased when a company receives cash from its customers.
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Question

Quizplus · Accepted Answer

Accounts Receivable is an asset account.All asset accounts have a normal debit balance and are increased by debits.

The Accounts Receivable Account