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A firm received an order at the amount of 10.000 TL for the goods that are out of stock. It received 5.000 TL in advance.

A firm received an order at the amount of 10.000 TL for the goods that are out of stock. It received 5.000 TL in advance. Which one will be the accounting record?

Select one:

Advance Payments 10.000 debit, Cash 10.000 credit

Advance Payment Received 5.000 debit, cash 5.000 credit

Cash 5.000 debit, Advance Payment Received 5.000 credit

Cash 10.000 debit, Advance Payment Received 10.000 credit

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