Accounts receivable represents a form of extending credit which requires customers to sign a promise to pay the business a definite sum at the maturity date,plus interest.

Question

Quizplus · Accepted Answer

Accounts receivable typically refers to the money owed to a business by its customers for goods or services delivered on credit terms, without necessarily involving a formal promise to pay by a specific maturity date or the addition of interest.

Accounts Receivable Represents a Form of Extending Credit Which Requires