The company Shiny Accessories just filled an order for 80 bracelets. A bill is created with payment being due within 30 days. The transaction is recorded as a debit to Accounts Receivable and a credit to Sales, for $12 each, even though the customer has not paid yet. Which type of accounting method does Shiny Accessories utilize?

Answer rating: 100% (QA)

Shiny Accessories utilizes the accrual accounting method for this transaction Heres why Key characte... View the full answer