Accountıng I Deneme Sınavı Sorusu #1224406
When a company sells its goods or services on cash basis, how does the company record this transaction?
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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. |
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Cash account is credited; the sales revenue account is debited. |
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Cash account is debited; the sales revenue account is credited. |
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Account receivables account is debited; the sales revenue account is credited. |
Yanıt Açıklaması:
When the company sells its goods or services on cash basis, there would be no need to consider for accounts receivables. In such a case, cash account is debited; the sales revenue account is credited. As we have mentioned before, if the company sells its goods and services on credit, then it has to debit accounts receivables. The correct answer is D.
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