Sales on credit are immediately counted as cash receipts. true or false

false

Step-by-step explanation:

Sales in any business can be done in two ways.  FIrst method is cash sales where cash is paid and goods are acquired.

Second method is credit sale where without receiving cash, from reputed customers on credit sales are done.

Sales on credit cannot be counted as cash receipts they are credited to sales and debited to concerned debtor account.

When cash is received from debtor, then cash is debited and debtor is credited.

(0,-3) see attached graph

step-by-step explanation:

a. to solve the system, graph the two equations.

x = y+3 becomes y=x-3 has m=1/1 and b=-3. start at (0,-3) on the y-axis and plot a point. then move up 1 unit and 1 unit to the right. plot a point and connect.

y=-4x+3 has m =-4/1 and b=-3. start at (0,-3) on the y-axis and plot a point. then move down four units and to the right 1 unit. plot a point and connect.

the solution is the point (x,y) where the two lines intersect. by the graph below it is (0,-3).

b. to solve by substitution, substitute y = -4x-3 into x= y+3

x= (-4x-3) +3

x=-4x

5x=0

x=0

now substitute x = 0 back in to find y.

y= -4(0)-3

y=0-3

y=-3

solution is (0,-3)

c. use elimination by adding the equations together.

x-y=3

4x+y=-3

5x=0

x=0

then substitute into one equation to find y.

y=-4(0)-3

y=-3

i'm not really sure how to answer that

step-by-step explanation: