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Multiple Choice 1 point Which account shows how much is OWED to the company? Account : Receivable Account Payable Revenue Income Statement

Question

Multiple Choice 1 point Which account shows how much is OWED to the company? Account : Receivable Account Payable Revenue Income Statement

Multiple Choice 1 point
Which account shows how much is
OWED to the company?
Account : Receivable
Account Payable
Revenue
Income Statement

Solution

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LeonaMaster · Tutor for 5 years

Answer

**Account Receivable**<br /><br />Account Receivable represents the money owed *to* the company by its customers for goods or services provided on credit.<br />
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