Accounts receivable represent the amount of cash owed to the company by its customers from the sale of products or services on account.

Name: Accounts receivable represent the amount of cash owed to the company by its customers from the sale of products or services on account.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Accounts receivable are indeed the amount of money that a company is owed by its customers for products or services they have purchased on credit or on account.

Accounts Receivable Represent the Amount of Cash Owed to the Company