The classification and normal balance of the accounts receivable account is:
A) an asset with a credit balance
B) a liability with a debit balance
C) an asset with a debit balance
D) a revenue with a debit balance

Question

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Accounts receivable is an asset account that represents the amount of money owed to a business by its customers for goods or services sold on credit. As with all asset accounts, accounts receivable has a normal debit balance.

The Classification and Normal Balance of the Accounts Receivable Account