Multiple Choice Questions on The accounts in which the credit sale of merchandise or services are placed is known as ........ for UPSC EPFO Exam Preparation

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Multiple Choice Questions

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

General Accounting Principles Ratio analysis 
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     The accounts in which the credit sale of merchandise or services are placed is known as

    Notes Receivable

    Incorrect Answer

    Accounts Receivable

    Correct Answer

    Amount Receivable

    Incorrect Answer

    Discount Receivable

    Incorrect Answer
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    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.

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