nbsp The accounts in which the credit sale of merchandise or services are placed is known as ...

Published on: 16-Apr-20
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General Accounting Principles Ratio analysis Add to Study Deck

The accounts in which the credit sale of merchandise or services are placed is known as

Notes Receivable

Accounts Receivable

Amount Receivable

Discount Receivable

Explanation:

Accounts receivable are legally enforceable claims for payment held by a business for goods supplied and/or services rendered that customers/clients have ordered but not paid for.
So The accounts in which the credit sale of merchandise or services are placed is known as Accounts Receivable.