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1. What is the effect on the Cash account when a company sells merchandise, but allows the customer to pay later?
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May 20, 2023
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1. What is the effect on the Cash account when a company sells merchandise, but allows the customer to pay later?
Business
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Uttam Palkar
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On the day the cash is received, the Cash account increases, and because of the double entry system, the asset account Accounts Receivable is decreased.
Donielle
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May 26, 2023
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Donielle
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