Receiving Cash from a Customer on Account Would Include A

question 56

Multiple Choice

Receiving cash from a customer on account would include a:

• A) debit to Accounts Receivable and a credit to Cash
• B) debit to Cash and a credit to Accounts Payable
• C) debit to Accounts Payable and a credit to Cash
• D) debit to Cash and a credit to Accounts Receivable

Recognize the legal implications of breaching a contract.

Understand the distinction between intellectual property and other forms of property.

Describe the requirements for an offer to be legally effective.

Explain the doctrine of contractual capacity.