Explain what the following terms mean a. Accounts receivable f. Accounts payable b. Supplies g. Unearned service
Question:
Explain what the following terms mean
a. Accounts receivable
f. Accounts payable
b. Supplies g. Unearned service revenue
c. Prepaid rent h. Service revenue
d. Furniture i. Rent expense
e. Accumulated depreciation
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ANSWER 1 Accounts Receivable AR Definition Accounts receivable refers to the money owed to a company by its customers for goods or services they have purchased on credit Explanation When a business se...View the full answer
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