The Business Provided Services to a Cash Customer

question 164

Multiple Choice

The business provided services to a cash customer. To record this,

• A) an asset is debited and a liability is credited.
• B) an asset is debited and a revenue is credited.
• C) an expense is debited and Capital is credited.
• D) None of these are correct.

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Definitions:

Synaptic Receptors

Proteins located on cell surfaces in the nervous system that receive chemical signals and initiate a response in the receiving neuron.

Serotonin

A neurotransmitter that contributes to feelings of well-being and happiness, also involved in the regulation of numerous physiological processes.

Benzodiazepines

A class of psychoactive drugs used to treat conditions such as anxiety, insomnia, and seizures by enhancing the effect of the neurotransmitter GABA in the brain.

Tranquilizers

Medications designed to reduce tension or anxiety without inducing sleep.