Question

which of the following accounts is an asset? answer a.unselected accounts payable b.unselected service revenue c.unselected retained earnings d.unselected accounts receivable unselected

Answer 1

Accounts receivable is an asset. It represents the money owed to a company by its customers.

Step-by-step explanation:

An asset is a resource that is owned or controlled by a company and has economic value. It can be tangible, such as cash, inventory, or equipment, or intangible, such as accounts receivable or patents.

In this case, the accounts receivable is the only option that is an asset. Accounts receivable represents the money owed to a company by its customers for goods or services that have already been delivered. It is considered an asset because it is expected to generate future cash flow for the company.