Whether a customer uses cash,a check,or a debit card to make a purchase,the company records the transaction as a cash sale.
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Q25: Cash receipts of the company that have
Q26: Common examples of cash equivalents are money
Q27: Differences in the company's cash balance and
Q28: A bank reconciliation matches the balance of
Q29: When customers pay for services with a
Q31: Allowing the employee who authorizes purchases to
Q32: Companies should set maximum purchase limits on
Q33: Checks outstanding are checks the company has
Q34: When a company pays for services received
Q35: A deposit outstanding will cause the bank's
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