Which is true concerning recording cash sales and credit sales?

Recording a cash sale and a credit sale both require only one entry, and the only difference is which account is debited.
Recording a cash sale and a credit sale both require two entries, and the only difference is which account is debited in the sales revenue entry.
Recording a cash sale requires only one entry and recording a cash sale requires two entries.
Recording a cash sale requires only one entry and recording a credit sale requires two entries.

Answer rating: 100% (QA)

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