Question
If on February 4th, a company gets $1,000 cash for a sale of a TV costing $500, and the customer will get the TV on
If on February 4th, a company gets $1,000 cash for a sale of a TV costing $500, and the customer will get the TV on February 7th, what is the change in the accounting equation, if any, and why?
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Financial Accounting Reporting Analysis And Decision Making
Authors: Shirley Carlon, Rosina Mcalpine, Chrisann Lee, Lorena Mitrione, Ngaire Kirk, Lily Wong
7th Edition
0730395294, 978-0730395294
