Accounts Receivable is a(n) ________ account and has a normal ________ balance.
A) liability; debit
B) asset; debit
C) liability; credit
D) asset; credit
Correct Answer:
Verified
Q74: The balances in the liability and revenue
Q75: A debit always means a decrease,and a
Q76: All asset accounts and equity accounts increase
Q77: An account that normally has a debit
Q78: The normal balance of an account is
Q80: Which of the following accounts increases with
Q81: The first step in the flow of
Q82: For revenues,the category of account and its
Q83: State whether the normal balance of
Q84: In reviewing the T-account for Accounts Receivable,you
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents