What Would Be the Effect on Accounts If the Business

question 40

Multiple Choice

What would be the effect on accounts if the business provided services to a customer collecting cash?

• A) An asset would be debited and an expense credited.
• B) Capital would be debited and revenue credited.
• C) An asset would be debited and revenue credited.
• D) An asset would be debited and Capital credited.

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Definitions:

Hyaline Cartilage

A type of connective tissue found in areas such as the nose, trachea, and at the ends of bones, providing support and flexibility.

Synovial Membrane

A layer of connective tissue that lines the inner surface of joints, capsules, and tendon sheaths, secreting synovial fluid for lubrication.

Ligaments

Strong, flexible fibrous connective tissues that connect bones to other bones, providing support and stability to joints.

Crest

In anatomy, a prominent ridge or elongated projection on a bone, often serving as an attachment point for muscles or ligaments.