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Accounts receivable is increased by:Select one:a.Debiting the accountb.Crediting the accountc.Not doing anythingd.Debiting or crediting any other account

Question

Accounts receivable is increased by:Select one:a.Debiting the accountb.Crediting the accountc.Not doing anythingd.Debiting or crediting any other account
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Solution 1

The correct answer is:

a. Debiting the account

Here's why:

In accounting, accounts receivable is the money owed to a company by its debtors. When a company sells goods or services to a customer on credit, it creates an account receivable.

The double-entry bookkeeping system, which is used by mo Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.

Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
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