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

Question

12-07-2017
Business

contestada

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

Respuesta :

Otras preguntas

1 2 3 4 5 6 7 8 9 10 Time Remaining 40:56 Read the excerpt below from act 4.3 of The Tragedy of Julius Caesar and answer the question that f

solve. 3x+2=14 plz help

Who believes that the best economic system was one is this is your game office with minimal or no government control A. John Locke B. Adam Smith C. Thomas Hob

cashews cost 4c per packet. mandy buys 4 packets of cashews. how much change does she recieve if she paid with a $20 bill? Give your amswer in terms of c.

Rufus took out a 2 year loan for 1500 at an electronics store to be paid back with monthly at a 14.4 APR compounded monthly if the loan offers no payments for t

Determine which polynomial has (x – 9) as a factor.

So to those people who are saying to the black man today, "Do your duties first and then clamor for rights," we have a right to answer insistently, that the rig

The illuminance On a surface is six lux and the surface is 4 meters from the light source what is the intensity of the source

Will give brainliest please help ASAP

Erudite1 Erudite1 · Answer 1 · 2017-07-18T13:59:26+02:00

Erudite1 Erudite1

18-07-2017

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.

Answer Link