A customer's remittance causes Cash to be debited and Accounts Receivable to be credited.This is an example of ____ in the sales and distribution process.

Question

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The remittance from the customer is part of the payment process in the sales and distribution cycle. The payment is recorded in the accounting system by debiting Cash and crediting Accounts Receivable.

A Customer's Remittance Causes Cash to Be Debited and Accounts