FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

When a business makes a sale on account, the asset increased is a ( n ) _ _ _ _ _ _ ? expense Accounts

When a business makes a sale on account, the asset increased is a(n)______?
expense
Accounts Receivable
revenue
Accounts Payable

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Inventory Best Practices

Inventory Best Practices

Authors: Steven M. Bragg

2nd Edition

1118000749, 9781118000748

More Books

Students also viewed these Accounting questions

Question

How does the use of audit data standards facilitate data transfer between auditors and companies? How does it save time for both parties?

Answered: 1 week ago

Question

★★★★★
A gas mixture contains 10.0 mole% H 2 O (v) and 90.0 mole% N 2 . The gas temperature and absolute pressure at the start of each of the three parts of this problem are 50C and 500 mm Hg. Ideal gas...

Answered: 1 week ago

Question

★★★★★
23. Selected information from the payroll register of Barbara's Stables for the week ended September 28, 20--, is as follows: Social Security tax is 6.2% on the first $110,100 of earnings for each...

Answered: 1 week ago

Question

★★★★★
Lynwood, Inc. produces two different products (Product A and Product X) using two different activities: Machining, which uses machine hours as an activity driver, and Inspection, which uses number of...

Answered: 1 week ago

Question

★★★★★
Write a dialogue of what you would say to your sellers when presenting to them your marketing recommendations. 1- Give your recommendations based on maximum market (buyer) reach and appropriate...

Answered: 1 week ago

Question

★★★★★
The number of days rain per month in London varies depending on the time of year. The data shows the number of wet days per month. 17 13 11 14 13 11 13 12 13 14 16 16 (a) For this data, find (a) (i)...

Answered: 1 week ago

Question

★★★★★
Mark Gershon, owner of a musical instrument distributorship, thinks that demand for guitars may be related to the number of television appearances by the popular group Maroon 5 during the previous...

Answered: 1 week ago

Question

★★★★★
Write one short paragraphs about the target market segments for your client and why you think this company and product will be successful. Are there economic, social, or other trends that make this a...

Answered: 1 week ago

Question

★★★★★
Quiz Instructions: Term Structure Models II and Introduction to Credit Derivatives Questions 1 and 2 should be answered by building and calibrating a 10-period Black-Derman-Toy model for the...

Answered: 1 week ago

Previous Question Next Question