Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. if a company uses accrual accounting, then it woul

If a company uses accrual accounting, then it would record the sale of merchandise on...

80.2K

Verified Solution

Question

Accounting

If a company uses accrual accounting, then it would record the sale of merchandise on account with:

a.) An increase in accounts receivable and an increase in sales revenue

b.) An increase in cash and an increae in sales revenue

c.) An increase in assets and a decrease in liabilities

d.) An increase in accounts receivable and a decrease in equity

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

22 Refer to Figure 941 above Describe the spatial distribution for the D climate types...

Advance Math
1.2K views

Problem 1. Show that the cross product defined on R^3 by [x1 x2 x3] X [y1...

Chemistry
1.2K views

1) In H NMR spectroscopy, why is the peak for a vinyl proton, C=C-H, shifted downfield...

Physics
1.2K views

A charge q moving with velocity vi enters a region of magnetic field B and...

Geometry
1.2K views

K Use the given figure to find the measures of the numbered angles given that...

Geometry
1.2K views

In 13 15 Multiply then simplify each square root 13 3 8 14 8 6...

Geometry
1.2K views

Given v = 4i and w = 2i + 5j, find the angle between v...

Basic Math
1.2K views

1 Define Marked Departure 1 mark 2 How many days is a stunt driver licence...

Algebra
1.2K views

A model of carry on luggage has a length that is 5 inches greater than...

Accounting
1.2K views

Missoula Incorporated reported the following selected financial statement data: Required: Compute the average days in...

Accounting
1.2K views

What is the role of accountants in the governance architecture of companies? How is...

Finance
1.2K views

Down Payment and Loan Payments. Lucas wants to buy a used car that will cost...