When a Business Sends a Bill for $200 to a Customer

question 69

True/False

When a business sends a bill for $200 to a customer for services rendered, the journal entry to record this transaction will include a $200 credit to Accounts Receivable.

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Definitions:

Simplify

To reduce something to its simplest form or most basic elements.

Simplify

To make something less complex or less complicated, often by reducing it to its basic elements.

Simplify

To make something less complicated or easier to understand, often by reducing complexity.

Simplify

The process of making something easier to understand or less complex.