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Commerce · Q602

Costing

Graduate and Post Graduate · Commerce · question 602

Q602

Cash sales, accounts receivables and rental receipts all are known as

A.
cash receipts
Answer
B.
budget receipts
C.
goods manufactured
D.
total goods sold

Answer: Option A

Solution

Answer: Option A
Solution:
Cash sales, accounts receivables and rental receipts all are known as cash receipts. A cash receipt is a printed statement of the amount of cash received in a cash sale transaction.