Customers are …()
A: Debtors of deliveries and services.
B: Creditors of accounts receivable trade.
A: Debtors of deliveries and services.
B: Creditors of accounts receivable trade.
举一反三
- In a high-inflation economic environment, which of the following statement is correct ( ). A: Creditors bear losses while debtors gain benefits B: Debtors bear losses while creditors gain benefits C: Both creditors and debtors will gain benefit D: Both creditors and debtors will bear losses
- The number of days' sales uncollected is calculated by: A: Dividing accounts receivable by net sales. B: Dividing accounts receivable by net sales and multiplying by 365. C: Dividing net sales by accounts receivable. D: Dividing net sales by accounts receivable and multiplying by 365. E: Multiplying net sales by accounts receivable and dividing by 365.
- At present, trade statistics given by China Customs on a monthly basis also cover China's services trade.
- The category "Other Receivables" on the balance sheet includes: A: Accounts Receivable, Interest Receivable. B: Notes Receivable, Accounts Receivable, Interest Receivable. C: Interest Receivable, Dividend Receivable, Advances to employees. D: none of the above.
- An attorney performs services of $1,100 for a client and receives $400 cash, with the remainder on account. The journal entry for this transaction would A: debit Cash, debit Service Revenue, credit Accounts Receivable. B: debit Cash, debit Accounts Receivable, credit Service Revenue. C: debit Cash, credit Service Revenue. D: debit Cash, credit Accounts Receivable, credit Service Revenue.