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Which the sales account should include

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Reference no: EM132745785

Problem 1: Revenue is normally entered in the accounting records when:

a. a customer orders goods

b. goods are received

c. a customer pays for the goods

d. goods are sold

Problem 2: In a merchandising operation, the Sales account should include

a. only credit sales of merchandise

b. only cash sales of merchandise

c. both cash and credit sales of merchandise

d. sales of both merchandise and other assets of the business.

Reference no: EM132745785

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