Question

The accounts in which the credit sale of merchandise or services are placed is known as

Answer 1

Answer:

The answer is Accounts Receivable, Sales Revenue.

Explanation:

On account is an accounting term that denotes partial payment of an amount owed or the purchase/sale of merchandise or offerings on credit score. On account also can be called “on credit score.

credit sales are recorded in a (A) sales e-book (B) cash book (C) journal ebook (D) Purchases e-book. credit income are recorded in a 'income ebook'. income journal is used for recording all of the sales achieved on credit score by using the commercial enterprise. it is also referred to as sales Daybook or sales journal.

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Answer 2

Answer:

The accounts in which the credit sale of merchandise or services are placed is known as (B) Accounts Receivable

Explanation:

As per the question,

This question is incomplete as the options are not available.

The available options for this question are:

(A) Notes Receivable

(B) Accounts Receivable

(C) Amount Receivable

(D) Discount Receivable

• We know that, Accounts Receivable is the balance of money due to any company for goods/services that has been delivered but not yet paid.
• So, the answer will be:

The accounts in which the credit sale of merchandise or services are placed is known as (B) Accounts Receivable

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