Question
The company sells product A for Rs 65,000 on credit. The company receives a payment for the Rs 65,000 invoice above in cash. Which account shall be credited?
Answer: Option A
:
A
When amount is paid, we will have to creditaccounts receivable forreversing the earlier debit.
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:
A
When amount is paid, we will have to creditaccounts receivable forreversing the earlier debit.
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