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Which part of the accounting equation does a sale on account effect?
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by sale on account you mean goods sold to the costumer but the cash was not received immediately.the accounting equation for credit sales is to CR the revenue/sales/turnover in your income statement. DR the receivables account on the balance sheet. after the cash is received. CR the receivables account. DR the cash softvcc.com - Approved Clickbooth Account For Sale.
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