3 - CODE AND NAME OF THE ACCOUNT WILL BE DEBT 121 02 Foreign Currency Receivables XXX 120 02 Foreign Buyer XXX Which transaction belongs to the journal entry made above? A) Submission of the policy for collection B) Refund record of the policy C) Acceptance record of the policy D) Guarantee record of the policy E) Registration of collection from foreign buyer

Business/Professional Ethics Directors/Executives/Acct
8th Edition
ISBN:9781337485913
Author:BROOKS
Publisher:BROOKS
Chapter8: Subprime Lending Fiasco-ethics Issues
Section: Chapter Questions
Problem 3.7EC
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3 - CODE AND NAME OF THE ACCOUNT WILL BE DEBT

121 02 Foreign Currency Receivables XXX
120 02 Foreign Buyer XXX
Which transaction belongs to the journal entry made above?

A) Submission of the policy for collection



B) Refund record of the policy


C) Acceptance record of the policy


D) Guarantee record of the policy


E) Registration of collection from foreign buyer

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