What is the name given to what is owed to a firm from customers who ha

QUESTION

What is the name given to what is owed to a firm from customers who have purchased goods or services on credit?

A) accumulated depreciation
B) intangible asset allocation
C) merchandise inventory
D) accounts receivable
E) fixed asset reward

 

ANSWER

Answer: D
Explanation: D) Accounts receivable is that which is owed to a firm from customers who have purchased goods or services on credit.

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