The right to receive money in the future is called a(n)
A)account payable.
B)account receivable.
C)liability.
D)revenue.

Question

Quizplus · Accepted Answer

An account receivable is the right to receive money in the future, typically after a sale has been made or a service has been provided. An account payable is money that a company owes to someone else. A liability is a general term for any financial obligation that a company has. Revenue is the income that a company generates from its normal business activities.

The Right to Receive Money in the Future Is Called