Assets created by selling goods and services on credit are a. Accounts payable. b. Accounts receivable?

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  • 1 decade ago
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    A. you own money because bought on credit.

  • 1 decade ago

    The answer is B - Accounts Receivable. Accounts receivable are ASSETS. Accounts payable is a LIABILITY. If you sold me stuff, I would owe you money. This would be a receivable to you until I paid you for it.

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