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The classification and normal balance of the accounts receivable account is: _________.
i. an asset with a credit balance
ii. a liability with a debit balance
iii. an asset with a debit balance
iv. a revenue with a debit balance

Sagot :

anthougo

The classification and normal balance of the accounts receivable account is iii. an asset with a debit balance.

 

What are the accounts receivable?

The accounts receivable account records all the transactions involving customers who do business with the company on credit. Sales transactions are carried out with customers on a credit basis for later payment within the allowed credit period.

 

Thus, the classification and normal balance of the accounts receivable account is a current asset with a debit balance.

Learn more about the accounts receivable here: https://brainly.com/question/25393740

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