What is the impact on accounts receivable if sales exceed cash collections and what is the impact
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What is the impact on accounts receivable if sales exceed cash collections and what is the impact on accounts payable if cash paid to suppliers exceeds purchases?
Only accounts payable will increase. | ||
Both accounts payable and accounts receivable will increase. | ||
Only accounts receivable will increase |
Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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