What Would Be the Effect on the Accounts If the Business

question 97

Multiple Choice

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

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

Sucking and Swallowing

Reflex actions in infants facilitating nutrition ingestion and processing from birth.

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The act of placing or arranging in a particular attitude or orientation; in marketing, how a brand is perceived in the context of the market.

Father's Instinct

The natural inclinations and protective behaviors exhibited by fathers towards their offspring.

Newborn Sleep

The period of rest and sleep patterns exhibited by newborns, which is crucial for their growth and development.