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Which of transactions would lead to an accounts receivable

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Reference no: EM133003583

Problem 1: Which phrase best describes the normal balance of an account?

a. The left side

b. The right side

c. The side which typically contains the balance

d. The side which decreases the account

Problem 2: Which of the following transactions would lead to an accounts receivable?

a. A company pays for a utility in advance.

b. A company is paid in advance for a sale.

c. A company buys an item from another company.

d. A company sells an item to a customer.

Reference no: EM133003583

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