Which of the Following Is True About a Difference Between

question 13

Multiple Choice

Which of the following is true about a difference between supplies and business services?

• A) Supplies are consumable items,whereas business services are expense items.
• B) Supplies are immoderate compared to other business goods,whereas business services are economical.
• C) Supplies are part of a final product,whereas business services do not become part of a final product.
• D) Supplies are custom designed for each customer,whereas business services are normally standardized.

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Definitions:

Account Receivable

Money owed to a company by its customers for goods or services provided on credit.

Sale On Account

A transaction where goods are sold and payment is to be made at a later date.

Equity

The value of an owner's interest in a company, calculated as the difference between the company's assets and liabilities.

Assets

Economic resources owned or controlled by a business or individual that are expected to bring future benefits.