The account ____________ is used to record amounts due from charge customers.

Question

Quizplus · Accepted Answer

The account for amounts due from charge customers is referred to as accounts receivable. This account reflects the amount owed to the business by customers who have purchased goods or services on credit. Option A (cash) is incorrect because it refers to funds on hand or in a bank account. Option B (accounts payable) is the opposite of accounts receivable; it is the account used to record amounts the company owes to its suppliers or creditors. Option D (revenue) is incorrect because revenue accounts record the income earned from sales of goods or services.

The Account ____________ Is Used to Record Amounts Due from Charge