What is a cash invoice

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asked Dec 21, 2022 225k views

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WayHunter · Answer 1 · 2022-12-25T21:52:54+0000

Answer:

A cash invoice is a promise to pay and is a liability to the buyer and an asset to the seller. ... Once the seller receives payment for the cash invoice, the seller debits the cash account and credits the accounts receivable account.

What is a cash invoice

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