Solved

Accounting Services Were Provided to a Customer for Cash

Question 107

Multiple Choice

Accounting services were provided to a customer for cash. How would this affect the accounting equation?


A) Cash and Accounts Receivable increase.
B) Accounts Payable decreased and Capital decreased.
C) Cash and Revenue increase.
D) None of the above are correct.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions