Question

When company received cash from customers, the account Cash will be.....

Answer 1

Explanation:

For this transaction the Accounting equation is shown in the following table. In this case one asset cash increases as the cash is received by the business and another asset (accounts receivable) decreases representing money received from the customer to be allocated against customer invoices at a later date.

Answer 2

For this transaction the Accounting equation is shown in the following table. In this case one asset cash increases as the cash is received by the business and another asset (accounts receivable) decreases representing money received from the customer to be allocated against customer invoices at a later date