Question and answer
A business that purchases clothing, furniture, computers, or other products to sell to customers is a (Points : 3) retail business. not-for-profit business. wholesale
business. service business
A business that purchases clothing, furniture, computers, or other products to sell to customers is a retail business.
Get an answer
Original conversation
User: A business that purchases clothing, furniture, computers, or other products to sell to customers is a (Points : 3) retail business. not-for-profit business. wholesale business. service business

Weegy: A business that purchases clothing, furniture, computers, or other products to sell to customers is a retail business.
biokids513|Points 210|

User: When a business uses a subsidiary accounts receivable ledger, there is no need to keep an accounts receivable account in the general ledger. (Points : 3) True False

User: For the merchant, bank credit card sales are treated in a manner similar to (Points : 3) sales on account. cash sales. installment sales. layaway sales.

Weegy: For the merchant, bank credit card sales are treated in a manner similar to Answer A. sales on account.
nami008|Points 122|

User: Sales made on account normally lead to cash receipts (Points : 3) True False

Weegy: Sales made on account normally lead to cash receipts answer: True Sales made on account are recorded in accounts receivable which in time of collection will be cash receipts.
Expert answered|Flerida|Points 126|

Question
Asked 7/6/2013 7:42:00 PM
Updated 5/12/2014 3:06:52 AM
1 Answer/Comment
New answers
Rating
0
When a business uses a subsidiary accounts receivable ledger, there is no need to keep a summary accounts receivable account in the general ledger. This is FALSE. The accounts receivable account in the general ledger serves as a control account the balance of which is used for financial statements.
Added 5/12/2014 3:06:52 AM
Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
25,067,603 questions answered
Weegy Stuff
S
Points 211 [Total 211] Ratings 8 Comments 131 Invitations 0 Offline
S
Points 171 [Total 171] Ratings 2 Comments 131 Invitations 2 Offline
S
1
L
L
P
R
P
L
P
P
R
Points 144 [Total 12396] Ratings 2 Comments 124 Invitations 0 Offline
S
L
P
P
P
Points 45 [Total 3422] Ratings 0 Comments 45 Invitations 0 Offline
S
Points 38 [Total 107] Ratings 0 Comments 38 Invitations 0 Offline
S
Points 21 [Total 21] Ratings 0 Comments 21 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 1 [Total 48] Ratings 0 Comments 1 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.