Receivables from employees and owners show advances due from which group?

Prepare for the UNLV Accounting Competency Exam. Study with flashcards and multiple choice questions. Detailed explanations and hints provided, ensuring you're fully equipped to ace your exam!

Receivables from employees and owners typically arise from advances made by a company to its employees or owners, which is why the correct choice is related persons. This category encompasses individuals who have a close relationship with the business, allowing for the extension of credit or advances based on their position or involvement with the organization.

Advances due from related persons may include loans, travel reimbursements, or other types of financial support that are expected to be repaid. Such receivables are often tracked separately in financial statements to provide clarity about the financial dealings between the company and these individuals.

The other groups listed, such as suppliers, customers, and investors, do not fit into this category as they typically represent formal, transactional relationships. Suppliers provide goods and services, customers are the purchasers of products, and investors provide capital in exchange for equity or debt but do not usually receive advances in the same context as employees or owners.

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