Answered

Which of the following statements is correct?
Accounts Receivable increases with a credit entry.
Cash increases with a debit entry.
Cash decreases with a debit entry.
Accounts Receivable decreases with a debit entry.



Answer :

GinnyAnswer

Final answer:

Accounts Receivable and Cash have specific impacts based on whether debit or credit entries are made.


Explanation:

Accounts Receivable increases with a credit entry. Cash increases with a debit entry. Cash decreases with a debit entry. Accounts Receivable decreases with a debit entry.


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