Solved

When Revenue Is Earned from Charge Account Sales, the Accountant

Question 26

Multiple Choice

When revenue is earned from charge account sales, the accountant:


A) debits Cash and credits a revenue account.
B) debits Accounts Receivable and credits a revenue account.
C) debits a revenue account and credits the capital account.
D) debits a revenue account and credits Accounts Receivable.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions