Multiple Choice
Creol Soaps requires its customers to pay for their orders six weeks before shipping the goods.How should the payments be initially recorded by Creol?
A) Debit bank,credit a liability account
B) Debit bank,credit an expense account
C) Debit bank,credit an asset account
D) Debit bank,credit an income account
Correct Answer:
Verified
Correct Answer:
Verified
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Q14: The true statement concerning the accounting period
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