Answered

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When an account receivable is collected in cash, the total assets of the business increase.

○ True
○ False

Sagot :

GinnyAnsweridn

Final answer:

When an account receivable is collected in cash, the total assets of the business increase.


Explanation:

True. When an account receivable is collected in cash, the total assets of a business increase. This is because accounts receivable are converted into cash, leading to an increase in the cash balance, which is an asset on the balance sheet.


Learn more about Account Receivable here:

https://brainly.com/question/31928398


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