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On 14 May,Green Pty Ltd Sells Goods to Gold Pty

Question 25

Multiple Choice

On 14 May,Green Pty Ltd sells goods to Gold Pty Ltd with payment to follow within 60 days.On Green's balance sheet the amount owed by Gold should be recorded as:


A) a customer advance payment.
B) an account payable.
C) an account receivable.
D) inventory.

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