Assets such as receivables, inventory, and property, plant, and equipment are the key resources used to help an organization generate revenue. Select a specific asset within these three types and discuss how a company can use this to generate revenue.

further explanation

select one of the asset accounts in the discussion topic. Provide an illustration/example of a transaction that would occur from the organization generating revenue. Clearly describe an example and reflect both the debit and credit entries one would record. Then, explain how those entries (both the debit and the credit) affect the income statement and the balance sheet. Then describe how the transaction generates revenue for the company.

First, provide a description of each of the accounts noted in the topic and explain what each one represents. Second, provide the illustration/example, and third, explain how it represents the generation of revenue. 2-3 paragraphs, minimum of 2 citations