Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 20 - No. 8)
Which of the following accounts are impacted by an unrecorded deposit?
Cash and accounts receivable
Cash and accounts payable
Accounts receivable and sales revenue
Cash and sales revenue
Explanation
An unrecorded deposit means a deposit has been made by the customer, so the balance in the cash account increases with a corresponding increase in the revenue
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