Accounts receivable refers to ________.
A) the total of owner's funds invested in a business
B) the total annual revenue of a company
C) amounts that a firm owes to other parties
D) the money owed to a firm by its customers
E) the total interest payments made by the firm

Question

Quizplus · Accepted Answer

A)Accounts receivable is the amounts that are currently owed to a firm. It refers to the money owed to a firm by its customers.
B)Accounts receivable is the amounts that are currently owed to a firm. It refers to the money owed to a firm by its customers.
C)Accounts receivable is the amounts that are currently owed to a firm. It refers to the money owed to a firm by its customers.
D)Accounts receivable is the amounts that are currently owed to a firm. It refers to the money owed to a firm by its customers.
E)Accounts receivable is the amounts that are currently owed to a firm. It refers to the money owed to a firm by its customers.

Accounts Receivable Refers to ________