When a Company Has Performed a Service but Has Not

question 124

Multiple Choice

When a company has performed a service but has not yet received payment, it

• A)debits accounts receivable and credits revenue from services.
• B)debits revenue from services and credits accounts receivable.
• C)debits revenue from services and credits accounts payable.
• D)makes no entry until the cash is received.

---

Definitions:

Higher Level

Pertains to a more advanced or complex stage, position, or category, often implying greater importance or significance.

Informal Networks

The unofficial and often unseen interactions and relationships that exist within an organization, facilitating the flow of information and influence.

Emotional Support

Assistance provided through empathy, concern, encouragement, and companionship to help someone cope with stress, challenges, or emotional distress.

Social Needs

Fundamental human desires for belonging, love, and affections within their social groups or communities.