Accountıng I Deneme Sınavı Sorusu #1224435
When a company sells goods or services to its customer on credit, how does the company record this transaction?
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Cash account is debited; sales revenue is credited. |
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Cash account is credited; sales revenue is debited. |
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Cash account is debited; sales revenue account is credited. |
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Account receivables account is debited; sales revenue account is credited. |
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Account receivables account is credited; sales revenue account is debited. |
Yanıt Açıklaması:
As can be seen, account receivables account is debited when a company sells goods or services on credit; sales revenue account is credited. The correct answer is D.
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