Ask Question
7 August, 06:28

How does the following transaction impact cash flow?

Recording an account receivable for the sale of goods to a customer.

Positive (Increase)

No Impact

O Negative (Decrease)

+5
Answers (1)
  1. 7 August, 08:58
    0
    Increase

    The accounts receivable asset shows how much money customers who bought products on credit still owe the business; this asset is a promise of cash that the business will receive. Cash doesn't increase until the business collects money from its customers.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “How does the following transaction impact cash flow? Recording an account receivable for the sale of goods to a customer. Positive ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers