Ask Question
11 January, 18:46

when a sale is made to a customer on credit, it creates an a/r that is classified on the balance sheet as

+2
Answers (1)
  1. 11 January, 20:16
    0
    The correct answer is a current asset.

    When a business makes a sale on account it creates an a/r, which stands for accounts receivable. Accounts receivable are categorized as a current asset on the balance sheet.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “when a sale is made to a customer on credit, it creates an a/r that is classified on the balance sheet as ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers