On 13 February, ATD Customs Pty Ltd provides a service to MJ Civil Pty Ltd with payment due
within 30 days. On ATD Customs' statement of financial position, the amount owed by MJ Civil
will be recorded as:
services income.
an account payable.
an account receivable.
a prepayment.

Question

nataleehirmiz123 nataleehirmiz123

18-03-2022
Business

contestada

On 13 February, ATD Customs Pty Ltd provides a service to MJ Civil Pty Ltd with payment due
within 30 days. On ATD Customs' statement of financial position, the amount owed by MJ Civil
will be recorded as:
services income.
an account payable.
an account receivable.
a prepayment.

Respuesta :

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abiolataiwo2015 abiolataiwo2015 · Answer 1 · 2022-03-30T11:28:13+02:00

Based on the information given the amount owed by MJ Civil will be recorded as: an account receivable.

What is account receivable?

Account receivable is the money a company is yet to receive from their client or customers for rendering or providing service to the clients.

Based on the given scenario on ATD Customs' statement of financial position, the amount owed by MJ Civil will be recorded as account receivable because the payment is not yet due but will be due within 30 days.

Inconclusion the amount owed by MJ Civil will be recorded as: an account receivable.

Learn more about account receivable here:https://brainly.com/question/24848903

On 13 February, ATD Customs Pty Ltd provides a service to MJ Civil Pty Ltd with payment due within 30 days. On ATD Customs' statement of financial position, the amount owed by MJ Civil will be recorded as: services income. an account payable. an account receivable. a prepayment.

Respuesta :

What is account receivable?

Otras preguntas

On 13 February, ATD Customs Pty Ltd provides a service to MJ Civil Pty Ltd with payment due
within 30 days. On ATD Customs' statement of financial position, the amount owed by MJ Civil
will be recorded as:
services income.
an account payable.
an account receivable.
a prepayment.