Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. collected a payment from a credit customer. this w

Collected a payment from a credit customer. This will be recorded with: A....

50.1K

Verified Solution

Question

Accounting

Collected a payment from a credit customer. This will be recorded with:

A. a credit to Sales Discounts account.

B. a credit to a liability account.

C. a credit to Revenue.

D. a credit to an asset account.

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

Q

A string wrapped on a pulley of moment of inertia T Other end of the...

Physics
Q

Three bodies a ring R a solid cylinder C and a solid sphere S having...

Physics
Q

The area of an 19-cm-wide rectangle is 380 cm. What is its length?The length is...

Basic Math
Q

Sally worked 7 hours on Monday, 6 hours on Tuesday, 6.75 hours on Wednesday, 5.75...

Basic Math
Q

The mean finish time for a yearly amateur auto race was 185 42 minutes with...

Statistics
Q

Which of the following subsequent events (post-balance sheet events) would require adjustment of the...

Accounting
Q

Upon committing fraud, what do most fraudsters do with their stolen funds?

Accounting
Q

Jurvin Enterprises recorded the following transactions for the just completed month. The company had no...

Accounting
Q

Problem 3 1. Using the following information, prepare a bank reconciliation for Dunbar Associates for...

Accounting
Q

4) Which of the following statements is true? 1. The direct labor budget begins with...

Accounting
Q

Hodge Co. intercambi el Edificio 24 que tiene un valor de tasacin de $4,971,000, un...

Accounting
Q

3.Equivalent Units of Materials Cost The Rolling Department of Oak Ridge Steel Company had 300...

Accounting