question archive Choose the answer which describes the accounts affected and their movements if a company collects on its accounts receivable
Choose the answer which describes the accounts affected and their movements if a company collects on its accounts receivable
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Choose the answer which describes the accounts affected and their movements if a company collects on its accounts receivable.
a. Cash increases ; Accounts payable decreases
b. Inventory increases ; Cash decreases
c. Cash increases ; Accounts receivable decreases
d. Cash decreases ; Accounts receivable decreases
e. Inventory increases ; Accounts receivable increasesc
Option 1
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