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From a seller's perspective, sales on credit to customers affect A. B. C. D. E. 2. assets and expenses. assets and revenue. liabilities and expenses.

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From a seller's perspective, sales on credit to customers affect A. B. C. D. E. 2. assets and expenses. assets and revenue. liabilities and expenses. liabilities and revenue. None of the above 3. When a business makes a sale on credit, what function of Sage 50 is used to record the transaction? A. Action Items B. Purchases/Receive Inventory C. Receive Money D. Sales/Invoicing E. None of the above Which accounts receivable report shows the beginning balances of the customer accounts, all transactions with the customers during a period, and the ending balances? A. Aged Receivables B. Customer Ledgers C. Invoice Register D. Sales Journal E. None of the above 4

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