The collection of an account receivable is recorded by a debit to Cash and a credit to Accounts Payable. If this error is not corrected
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The collection of an account receivable is recorded by a debit to Cash and a credit to Accounts Payable. If this error is not corrected
. Pass the following entries:
1) Account Payable : Dr.
Cash A/c : Cr.
2) Cash A/c : Dr.
Account Receivable : Cr.
This will correct this problem
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