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I'm having trouble with account classifications...from the correct answer below, can you please explain why accounts receivable is Not Closed, Adjusted, Accrued Revenue, Asset &Revenue
I'm having trouble with account classifications...from the correct answer below, can you please explain why accounts receivable is "Not Closed, Adjusted, Accrued Revenue, Asset &Revenue" Which of these is correct as it relates to classification, type, normal balance, financial statement, permanent or temporary, closed or not closed, adjusted or not adjusted, type of adjusting entry, account classification combination, and on a post-closing trial balance (PCTB) or not for the account Accounts Receivable?j 1. (Correct answer) Asset, Current Asset, Debit, Balance Sheet, Permanent, Not Closed, Adjusted, Accrued Revenue, Asset &Revenue, and on PCTB 2. Asset, Current Asset, Debit, Balance Sheet, Permanent, Not Closed, Adjusted, Accrued Revenue, Revenue/Asset, and on PCTB 3. Asset, Current Asset, Debit, Balance Sheet, Permanent, Not Closed, Adjusted, Deferred Revenue, Asset/Revenue, and on PCTB 4. Asset, Current Asset, Debit, Balance Sheet, Nominal, Not Closed, Adjusted, Accrued Revenue, Asset/Revenue, and on PCTB
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