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A customer's check received in settlement of an account receivable is considered cash True or false?

true


A customer's check received in settlement of an account receivable is considered cash?

A check received from customer will be credited to his account , hence his earlier debit balance will be reduced . simultaniously it will be debited to bank account , hence bank balance will be increased


Check received is that an account payable?

No it's cash. Though it is in the form of a "check" it is easily transferred to cash and is recorded as such. Also, even if it wasn't considered cash (it is) it would be a receivable, not a payable.


Have you received the emailed check yet?

Have you received the check that was sent to you via email?


Can you please confirm if you have received the check by email?

Can you confirm if you have received the check via email?


Have you received your Comenity remediation check yet?

No, I have not received my Comenity remediation check yet.


Have you received a check from Huntington National Bank?

I have not received a check from Huntington National Bank.


Have you received a check from your health insurance provider?

Yes, I have received a check from my health insurance provider.


Have you received the check that was sent through email?

Yes, I have received the check that was sent via email.


Have you received your stimulus check yet, or are you still waiting for it?

Have you received your stimulus check, or are you still waiting for it?


Journal entry for good sold and check received?

Cash (debit)Income or Revenue (credit)A check is considered cash in accounting and is recorded as such as it is easily converted to cash (or deposited)


Have you received the emailed check for mobile deposit yet?

No, I have not received the emailed check for mobile deposit yet.