Multiple Choice
A business collects cash from a customer on settlement of accounts receivable. Which of the following accounts will be credited?
A) Cash
B) Accounts Receivable
C) Service Revenue
D) Accounts Payable
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q120: A business repays the amount borrowed on
Q121: A business collects cash from a customer
Q122: A business borrows cash by signing a
Q123: Mitchell Florists had the following total assets,
Q126: The trial balance summarizes the balances of
Q127: Which of the following journal entries would
Q128: A business makes a payment in cash
Q130: A business purchased $3,500 of office supplies
Q153: Which of the following factors is assessed
Q207: Which of the following is the correct