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    Financial Accounting Study Set 2
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    Exam 3: The Accounting Cycle: The Mechanics of Accounting
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    Usually, When Accounts Receivable Are Collected, an Asset Is Debited
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Usually, When Accounts Receivable Are Collected, an Asset Is Debited

Question 78

Question 78

Multiple Choice

Usually, when accounts receivable are collected, an asset is debited and


A) Another asset is debited
B) Another asset is credited
C) A liability is debited
D) A liability is credited

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