What Would Be the Effect on the Accounts If the Business

question 19

Multiple Choice

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

• A)An asset would be debited and an expense debited.
• B)Capital would be credited 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:

Religiosity

The intensity or expression of religious feelings, practices, or beliefs in an individual's life.

Cultural Strengths

Characteristics, values, and behaviors that are positively embraced and promoted within a specific culture.

Relocation Act

Refers to government legislation that facilitates or requires the movement of people from one area to another, possibly for economic, environmental, or social reasons.

Internal Conflict

A psychological struggle within the self, arising from opposing desires, beliefs, or impulses.