thee Accounts Receivable account has a normal credit balance
thee Accounts Receivable account:
has a normal credit balance.
is increased by a debit.
is a liability.
is increased when a company receives cash from its customers.
Solution
The Account Receivable Account:
is increased by a debit.
Reason: Account receivable represent the amount which we going to receive, hence have debit balance and shows in our assets side. so it will be increased by a debit.
