Ask Question
Advanced Placement (AP)Advanced Placement (AP)
28 April, 13:09

If a customer doesn't pay at the time of sale, it means that ...

A. It does not have to be recorded

B. It is never an accounts receivable

C. An accounts receivable is always created

D. A and B

+1
Answers (1)
  1. 28 April, 13:35
    0
    Answer: C. An accounts receivable is always created.

    The basic idea behind Accounts Receivable is based on its name. Accounts Receivable is the money you have earned, but which has not yet been received (it's not "cash in hand" yet). It means you have already provided a service or delivered a product to the customer (cash outflow), but have not yet received your payment (cash inflow). If a customer doesn't pay at the time of sale, it means that an accounts receivable should be created.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “If a customer doesn't pay at the time of sale, it means that ... A. It does not have to be recorded B. It is never an accounts receivable ...” in 📗 Advanced Placement (AP) if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Becker's labeling theory best fits which sociological paradigm? Question 4 options: Structural functionalism social conflict symbolic interactionism postmodernism
Answers (1)
As a young teenage performer, Billie Holiday began her singing career with the band of:
Answers (1)
Which of the following techniques is most associated with humanistic therapy? A) challenging distorted thinking B) exploring unconscious motives C) reflective speech D) focusing on parent-child dynamics
Answers (1)
Population growth is an issue because A. Infrastructure within cities is insufficient B. Sociologists cannot track all the social groups that arise. C. Natural resources are limited D. It goes hand in hand with lowered life expectancy
Answers (1)
Which was an accomplishment of emperor Qianlong of China? A) Fortifying northern borders with Mongolia by constructing the Great wall B) Launching China's first massive overseas exploration under admiral Zheng He C) Supporting the pioneering use of
Answers (2)
New Questions in Advanced Placement (AP)
Whats important about the Mayflower?
Answers (2)
Lease select the word from the list that best fits the definition - Represents information using percentages A.) Pictograph B.) Pie graph C.) Line graph D.) Bar Graph E.) Double bar graph
Answers (2)
Many species of birds migrate in winter. Animals including bats, ground squirrels, and woodchucks hibernate in winter. Which of the following do hibernation and migration have in common? A.
Answers (1)
What type of social organization developed in both pastoralist and agrarian societies?
Answers (1)
What is the difference between parenting and parenthood
Answers (2)
Home » Advanced Placement (AP) » If a customer doesn't pay at the time of sale, it means that ... A. It does not have to be recorded B. It is never an accounts receivable C. An accounts receivable is always created D. A and B
Sign Up Forgot Password?