At the time of a credit sale,a company would record an increase in assets and an increase in revenues.

Name: At the time of a credit sale,a company would record an increase in assets and an increase in revenues.
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Question

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When a credit sale is made, the company expects to receive payment in the future and therefore records an increase in accounts receivable (an asset). Additionally, the company recognizes revenue at the time of the credit sale, resulting in an increase in revenues.

At the Time of a Credit Sale,a Company Would Record