Holt Company sold $1,000 of goods on credit to Renfrew Company. This would be recorded as an Account ( ) of Holt company and as an Account ( ) of Renfrew Company.
A: Receivable, Receivable
B: Payable, Payable
C: Receivable, Payable
D: Payable, Receivable
A: Receivable, Receivable
B: Payable, Payable
C: Receivable, Payable
D: Payable, Receivable
举一反三
- when a company buy some goods and promise to pay the mony, then the company get a ( ). A: account receivable B: account payable C: stockholders' equity D: loan
- A customer's monthly bill from the electric company would be an ( ) of the electric company until the customer paid the bill. A: account payable B: account receivable C: inventory D: prepaid expense
- Which of tile following does not belong to current assets A: cash B: account payable C: account receivable D: note receivable
- Which<br/>of the following accounts is NOT a liability? ( ) A: Accounts Payable B: Notes Payable C: Salaries Payable D: Accounts Receivable
- Current liabilities are ___. A: due, but not receivable for more than one year B: due, but not payable for more than one year C: due and receivable within one year D: due and payable within one year