Which parts of the accounting equation does a sale on account affect? a. Accounts receivable and Accounts

Question:

Which parts of the accounting equation does a sale on account affect?

a. Accounts receivable and Accounts payable

b. Accounts receivable and Retained earnings

c. Accounts payable and Retained earnings

d. Accounts payable and Cash

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial And Managerial Accounting

ISBN: 9780135080191

2nd Edition

Authors: Charles T Horngren, Jr Walter T Harrison

Question Posted: