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19 October, 04:13

Credit sales are recorded by crediting an accounts receivable.

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  1. 19 October, 04:21
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    The answer to the sentence above is false based on the transaction above. Account Receiveable is an asset account which has "debit" as its natural balance. Recording credit sales will increase the account receivable balance and sales balance, thus an increase in account receivable balance occurs on the debit side.
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