11 Cougar Company credited cash for a prepayment. They did this...
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Accounting
11
Cougar Company credited cash for a prepayment. They did this because Multiple Choice Cash payment occurs after the expense is incurred and liability is recorded Sales are delayed pending credit approval O Cash payment for an obligation to pay cash) occurs before the expense recognition Customers are unable to pay the full amount due when goods are delivered.

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You can see the logs in the Dashboard.