what is the entry for collection of receivable * O debit cash, credit accounts payable O debit cash, credit accounts receivable O debit accounts receivable, credit cash O debit accounts payable, credit cash

Distinguish between cash book and bank balance.

The sales journal is used to record______.      cash      sales on account      debit transactions      credit cards

Why should sales to and receipts of cash from credit customers be recorded and posted immediately?

What are the four accounts that are typically affected by cash transactions. Please use the following illustration to help you answer this question.

Transactions involved in the purchases and cash disbursements cycle include: A Debit inventory, credit cash B Debit inventory, credit accounts payable C Debit accounts payable, credit cash D All of these

A(n) electronic _____ is the electronic exchange of money or scrip. a. cash transfer b. array c. payment d. exchange