A receivable occurs when a business ________.
A) loans money to another party
B) sells goods or services to another party on account
C) has a monetary claim against a business or individual
D) All of the statements are correct.

Question

Quizplus · Accepted Answer

A receivable occurs in all these situations: when a business loans money to another party, sells goods or services on account, or has a monetary claim against a business or individual.

A Receivable Occurs When a Business ________