A Credit Sale of $2,500 to a Customer Would Result

question 134

Multiple Choice

A credit sale of $2,500 to a customer would result in a:

• A)Debit to the Accounts Receivable account in the general ledger and a debit to the customer's account in the accounts receivable ledger.
• B)Credit to the Accounts Receivable account in the general ledger and a credit to the customer's account in the accounts receivable ledger.
• C)Debit to the Accounts Receivable account in the general ledger and a credit to the customer's account in the accounts receivable ledger.
• D)Credit to the Accounts Receivable account in the general ledger and a debit to the customer's account in the accounts receivable ledger.
• E)Credit to Sales and a credit to the customer's account in the accounts receivable ledger.

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Definitions:

Affiliate Marketing

A marketing arrangement by which an online retailer pays commission to an external website for traffic or sales generated from its referrals.

Electronic Tendering

The process of conducting the entire tendering cycle online, including document submission, bid evaluation, and the awarding of contracts, to streamline procurement processes.

Online Direct Marketing

A marketing approach that involves sending promotional messages directly to potential customers through digital channels, such as email or social media.

Viral Marketing

A promotional strategy that encourages individuals to pass on marketing messages to others, creating potential for exponential growth in the message's exposure and influence.