Question

An amount due to a company from another party is recorded by the company

as a(n).
A. cash flow
B. receivable
C. credit memo
D. impulse purchase

Answer 1

Answer: B. Receivable

Explanation: An amount owed by another party is known as a receivable. One of the biggest current assets on a company's accounts typically are its receivables. Because accounts receivable are typically the main source of a company's cash flow, controlling and analyzing this asset is crucial.

Answer 2

Answer: B

Explanation: A receivable is by a company by accounting books when they sell merch or products on credit. It's usually due from another company or party. I hope this helped. :)