Services Are Provided for Customers Who Pay for Their Services

question 23

Multiple Choice

Services are provided for customers who pay for their services immediately. What effect does this transaction have on the accounting equation?

• A)Assets and liabilities increase.
• B)Assets and retained earnings increase.
• C)Liabilities increase and retained earnings decreases.
• D)Assets and liabilities decrease.

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Definitions:

Nucleic Acid

Essential biomolecules comprised of nucleotides that store and transmit genetic information, including DNA and RNA.

Neurotransmitter Classification

The categorization of neurotransmitters based on their chemical structure, function, or the receptors they activate, such as amino acids, peptides, and monoamines.

Electrical Synapses

Specialized junctions between cells that allow for direct passage of ions and electrical signals, enabling rapid communication.