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  3. Study Set
    Financial Accounting for MBAs
  4. Exam
    Exam 3: Transactions, Adjustments, and Financial Statements
  5. Question
    Sales on Account Would Produce What Effect on the Balance
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Sales on Account Would Produce What Effect on the Balance

Question 19

Question 19

Multiple Choice

Sales on account would produce what effect on the balance sheet?


A) Increase the Revenue account
B) Increase noncash assets (Accounts receivable)
C) Increase cash assets
D) A and B
E) A, B and C

Correct Answer:

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