RobertSaintSnow RobertSaintSnow
  • 21-04-2022
  • Business
contestada

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

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Manuelvsthewrld Manuelvsthewrld
  • 21-04-2022
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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