Accounting · Accounting Terms
In accounting, 'accounts receivable' represents:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The money a company owes to its raw material suppliers
- 2The amount owed to the business by customers for credit sales of goods or services✓
- 3The total physical cash balance maintained in bank accounts
- 4The capital investments made by the business owners
Correct answer
The amount owed to the business by customers for credit sales of goods or services
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