Multiple Choice Question

If a company debits Cash and credits Sales Revenue, it is recording the:

collection of cash from customers in advance for goods to be delivered later.

sale of goods to a customer on account.

sale of goods to a customer for cash.

collection of cash for goods that were sold on account.

Multiple Choice Question

If a company debits Cash and credits Sales Revenue, it is recording the:

collection of cash from customers in advance for goods to be delivered later.

sale of goods to a customer on account.

sale of goods to a customer for cash.

collection of cash for goods that were sold on account.