question 3 an account receivable results when a a business provides a service or sells a product to a…

question 3 an account receivable results when a a business provides a service or sells a product to a customer and the customer pays cash. b a business provides a service or sells a product to a customer and the customer is allowed to pay at a later date. c a business owner invests money in a business. d a business buys inventory from a vendor and is allowed to pay at a later date. 25 points

question 3 an account receivable results when a a business provides a service or sells a product to a customer and the customer pays cash. b a business provides a service or sells a product to a customer and the customer is allowed to pay at a later date. c a business owner invests money in a business. d a business buys inventory from a vendor and is allowed to pay at a later date. 25 points

Answer

Brief Explanations:

Accounts receivable is an asset account that represents the amount of money a business is owed by its customers for goods sold or services rendered on credit. When a business provides a service or sells a product to a customer and allows the customer to pay at a later date, it creates an account - receivable.

Answer:

B. a business provides a service or sells a product to a customer and the customer is allowed to pay at a later date.