Questions: Assets created by selling goods and services on credit are: Multiple Choice Accounts payable. Accounts receivable. Liabilities. Expenses Equity.

The answer is: Accounts receivable.

Explanation for each option:

1. Accounts payable: This represents the money a company owes to its suppliers or creditors for goods and services purchased on credit. It is a liability, not an asset.

2. Accounts receivable: This represents the money owed to a company by its customers for goods and services sold on credit. It is considered an asset because it is expected to be converted into cash in the future.

3. Liabilities: These are obligations that a company needs to pay in the future, such as loans, accounts payable, and other debts. They are not assets.

4. Expenses: These are the costs incurred by a company in the process of earning revenue, such as rent, salaries, and utilities. Expenses reduce equity but are not considered assets.

5. Equity: This represents the owner's interest in the company, calculated as the difference between total assets and total liabilities. It is not an asset created by selling goods and services on credit.

Therefore, the correct answer is Accounts receivable because it directly represents the assets created when a company sells goods or services on credit.