Multiple Choice
The account credited when cash is received from a customer on account is:
A) Cash
B) Accounts Receivable
C) Revenue
D) Accounts Payable
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q116: The payment of expenses should be recorded
Q117: Dividends paid to the shareholders when declared
Q118: The payment for rent of the office
Q119: Accounts payable normally has a debit balance.
Q120: The ledger provides a good indication of
Q122: A trial balance is a list of
Q123: Accounting transactions are first recorded in a
Q124: All revenue accounts normally have a credit
Q125: The normal balance of a liability account
Q126: An owners' investment of land and a