Which of the Following Entries Records the Collection of Cash

question 166

Multiple Choice

Which of the following entries records the collection of cash from cash customers?

• A) Fees Earned, debit; Cash, credit
• B) Fees Earned, debit; Accounts Receivable, credit
• C) Cash, debit; Fees Earned, credit
• D) Accounts Receivable, debit; Fees Earned, credit

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Definitions:

Replacement-Level Fertility Rate

The average number of children that must be born to a woman over her lifetime to exactly replace the population, without increasing or decreasing it.

Total Fertility Rate

The average number of children a woman would bear during her lifetime, given current birth rates.

Infant Mortality Rate

The number of deaths of infants under one year of age per 1,000 live births in a given year.

Replacement-Level Fertility

The average number of children that must be born to women of reproductive age in a population to replace the number of people dying, ensuring population stability.