Accounts Receivable are generally classified as which of the following?

A. Current Asset

B. Current Liability

C. Long-term Debt

D. Long-term Income

 

Accounts Receivable is held as which of the following ?

A. Current Asset

B. Liquid Asset

C. Frozen Asset

Which of the following is a type of Current Asset?

A. Accounts Receivable

B. Inventory

C. Prepaid Expenses

D. All of the Above

Which of the following best explains Accounts Receivable?

A. A Current Asset and money that you owe to companies.

B. A Current Asset and money that companies owe you.

C. Not a Current Asset and money that you owe companies.

D. Not a Current Asset and money that companies owe you.