Sales increase, and terms are extended to customers
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When sales increase, and terms are extended to customers, accounts receivable increases. Of course when purchasing goods from suppliers, payables increase. What makes the cash account drop when there are both receivables and payables on the books during the increased sales activity?
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The solution determines sales increase, and terms are extended to customers, accounts receivable increases. What makes cash accounts drop when there are both receivable and payables on the books
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Given that the sales increases as a result of extending credits to customers, and that payables increases as a ...
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