How to do entry of accounting equation when it is given that by accepting a bill payable for 3 months?
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0
Answer:
(-)capital+bill payable
Explanation:
because will payable is liability for us
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1
Answer:
Explanation:
To record a journal entry for a sale on account, one must debit a receivable and credit a revenue account. When the customer pays off their accounts, one debits cash and credits the receivable in the journal entry. The ending balance on the trial balance sheet for accounts receivable is usually a debit.
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