When a credit sale takes place?

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When a credit sale takes place?

a. a revenue account will increase
b. liabilities will increase
c. one asset account will increase and another will decrease
d.assets will be unaffected

2007-10-19 03:39:58 · 3 answers · asked by josh h 1 in Business & Finance ➔ Credit

3 answers

And your question is?

2007-10-19 03:46:14 · answer #1 · answered by ? 7 · 0⤊ 0⤋

actually it is a way for the credior to get a partial return on the dollar. Maybe 60 cents on the dollar. The collector is aggressive and will try to get the 100 percent.

2007-10-19 03:47:51 · answer #2 · answered by Michael M 7 · 0⤊ 0⤋

b or d

2007-10-19 03:50:10 · answer #3 · answered by Anonymous · 0⤊ 0⤋