An example of an asset is:
A) Beverage allowances
B) Room sales
C) Taxes collected and due to be paid to a municipal government
D) Accounts receivable due from guests
E) All of the above depending on the circumstances

Question

Quizplus · Accepted Answer

Accounts receivable due from guests is an example of an asset because it represents money that is owed to the business, which is a resource controlled by the entity and expected to bring future economic benefits.

An Example of an Asset Is