Accounts receivable represent:
A) amounts which are due to stockholders.
B) amounts which have been borrowed to finance operations.
C) amounts which are owed to the company by its customers resulting from credit sales.
D) amounts which are owed by the company to its suppliers for past purchases.

Question

Quizplus · Accepted Answer

Accounts receivable represent the amounts which are owed to the company by its customers resulting from credit sales.

Accounts Receivable Represent