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Lera25 [3.4K]
2 years ago
13

1. What is the effect on the Cash account when a company sells merchandise, but allows the customer to pay later?​

Business
1 answer:
Ket [755]2 years ago
8 0
On the day the cash is received, the Cash account increases, and because of the double entry system, the asset account Accounts Receivable is decreased.
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