A "sale on account" results in a debit to:Accounts ReceivableO CashO CapitalAccounts Payable

Solution.... Sales on Account results in debit of ?

Answered: A "sale on account" results in a debit…

Business

Accounting

A "sale on account" results in a debit to: Accounts Receivable Cash O Capital Accounts Payable

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter9: Sales And Purchases

Section: Chapter Questions

Problem 3DQ

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

Question

A "sale on account" results in a debit to:
Accounts Receivable
O Cash
O Capital
Accounts Payable

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