Multiple Choice
A business collects cash from a customer on settlement of accounts receivable. Which of the following accounts will be debited?
A) Cash
B) Accounts Receivable
C) Service Revenue
D) Accounts Payable
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q116: A business makes a cash payment to
Q117: A business purchased land for $250,000 cash.
Q118: A trial balance summarizes a ledger by
Q119: Data from a trial balance is used
Q120: A business repays the amount borrowed on
Q122: A business borrows cash by signing a
Q123: Mitchell Florists had the following total assets,
Q125: A business collects cash from a customer
Q126: The trial balance summarizes the balances of
Q153: Which of the following factors is assessed