Question

A collected payment from a credit customer will be recorded with a

Answer 1

credit to an asset account (accounts receivable)

good luck!

Answer 2

Debit of Cash A/c

And Credit Accounts Receivable A/c

Explanation:

When we record a credit customer, we create an asset and when that payment is received we credit that asset account which is of Accounts Receivables or sometimes called Debtors, and Cash A/c is debited as cash payment is received.

Therefore this will result in

Debit of Cash A/c

And Credit Accounts Receivable A/c

This means one asset is debited and another is credited.

Final Answer

Debit of Cash A/c

And Credit Accounts Receivable A/c