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If a company sold a merchandise on account to a customer, will there be a credit on revenue? I know there will be a debit
If a company sold a merchandise on account to a customer, will there be a credit on revenue? I know there will be a debit on account receivable. I am still confused, since I think merchandise is considered as an inventory which is an asset of a company. So basically my question is will there be a credit ln inventory or a credit on revenue?
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