During october, blue sky inc. correctly enters a $10,000 credit to its revenues account. what conclusions can be made based on this accounting entry?

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13-09-2017
Business

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During october, blue sky inc. correctly enters a $10,000 credit to its revenues account. what conclusions can be made based on this accounting entry?

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peterdaly peterdaly · Answer 1 · 2017-09-20T23:15:55+02:00

peterdaly peterdaly

20-09-2017

I would say that being able to enter a $10,000 credit entry means that Blue Sky is doing well in business for that month, at least if the credit is greater than the debits to the account and if the main expenses are already paid off.

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