Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 11 - No. 43)
7. A sale of goods on credit will have which effect?
An increase in cash.
An increase in accounts receivable.
A decrease in inventory.
Both 2 and 3
Explanation
Sale of goods on credit increases account receivable and decreases inventory. It will not affect cash.
Comments (0)
