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weeeeeb [17]
3 years ago
13

A cash payment received from a customer for a product purchased on account would be recorded as...

Business
1 answer:
photoshop1234 [79]3 years ago
8 0
A cash payment received from a customer for a product purchased on account would be recorded as DEBIT TO CASH AND CREDIT TO ACCOUNT RECEIVABLE.  Cash is debited because cash has been received by the company and it has to be debited to the asset account of cash. The account receivable is credited to record the fact that money has been received. 
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