Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 33 - No. 25)
When a company sells goods on credit, what two accounts are directly impacted?
Cash and Sales Revenue
Inventory and Accounts Receivable
Accounts Receivable and Sales Revenue
Cost of Goods Sold and Cash
Explanation
Selling goods on credit affects Accounts Receivable and Sales Revenue.
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