Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 14 - No. 36)
What is the impact on the accounts when there is a sale of goods for cash?
Increase cash, increase revenue.
Decrease cash, increase revenue.
Increase cash, decrease revenue.
Decrease cash, decrease revenue.
Explanation
Cash goes up when you receive it and revenue increases because you have made a sale.
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