Which Accounts Are Affected When the Company Provides Services to a Cash

question 49

Multiple Choice

Which accounts are affected when the company provides services to a cash customer?

• A) Assets and Capital increase.
• B) Liabilities and Capital increase.
• C) Assets and Revenue increase.
• D) None of the above are correct.

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Definitions:

Measure

A quantitative or qualitative assessment tool used for determining the size, amount, or degree of an object or phenomenon.

Deming's Fourteen Principles

A set of management practices introduced by W. Edwards Deming to promote quality, productivity, and competitive position.

Continuing Inspection

A process of ongoing scrutiny in projects or production to ensure standards are maintained throughout the lifecycle.

Mass Basis

The foundation or support derived from a large segment of the population or sector.