Assets created by selling products or services on credit are:

Name: Assets created by selling products or services on credit are:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Assets created by selling products or services on credit are called accounts receivable. Accounts payable represent the money that a business owes to its creditors or suppliers. Liabilities are obligations a business owes to others, including loans, debts, and unpaid wages. Expenses are the costs incurred to generate revenue. Equity represents ownership in a business.

Assets Created by Selling Products or Services on Credit Are