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:

Abstract Good

denotes the idea of goodness or value that is theoretical and not tied to specific, tangible benefits or outcomes.

Divine Command Theory

A philosophical stance arguing that morality is ultimately based on the commands or character of God.

Moral Decisions

Moral decisions involve choosing actions based on ethical principles and values, considering what is right or wrong, good or bad in a given situation.

Critical Thinkers

Individuals who actively question assumptions, evaluate evidence, and assess conclusions logically.