Select the Entry That Correctly Records the Receipt by Speedy

question 38

Multiple Choice

Select the entry that correctly records the receipt by Speedy Window Cleaning of $900 in cash for window cleaning services provided. Ignore GST.

• A) DR bank $900; CR income earned $900
• B) DR income earned $900; CR bank $900
• C) DR bank $900; CR debtors $900
• D) DR equity $900; CR income earned $900

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Definitions:

Disaster Relief

Assistance and resources provided to individuals, communities, and countries in the event of natural or human-made disasters to facilitate recovery.

FEMA

The Federal Emergency Management Agency, a U.S. government body responsible for coordinating response to disasters that overwhelm local and state authorities.

Government Accountability

The responsibility of government officials and entities to be answerable for fiscal and social decisions, ensuring transparency and good governance.

Bureaucratic Structure

A bureaucratic structure is an organizational system characterized by a hierarchical distribution of power, strict procedures, and a clear division of responsibilities.