Sales revenue was $201,345 and cash collected from customers was $187,803. Which of the following would be consistent wi
Posted: Sun Jul 03, 2022 3:54 pm
Sales revenue was $201,345 and cash collected from customers was$187,803. Which of the following would be consistent with thisdifference if all sales were on credit?
Multiple Choice
Cash payments could have been smaller than the expenseaccounts
None of the other alternatives are correct
Cash payments could have been larger than the expenseaccounts
Accounts receivable could have increased
Accounts receivable could have decreased
Multiple Choice
Cash payments could have been smaller than the expenseaccounts
None of the other alternatives are correct
Cash payments could have been larger than the expenseaccounts
Accounts receivable could have increased
Accounts receivable could have decreased