Which of the following entries records the receipt of cash from clients on account?


QUESTION 18 Which of the following entries records the receipt of cash from clients on account? a. Accounts Receivable, debit

Answer

When cost is received from clients on account, It has the following affect :

----- Cash increases

----- Accounts receivable decrease

Thus, journal entry for cash received from clients on account is as under :

Account Title Debit Credit
Cash ------
Accounts receivable -------

Correct option is (c)

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