Performing a Service on Account Would Include A

question 97

Multiple Choice

Performing a service on account would include a:

• A)debit to accounts payable.
• B)credit to accounts payable.
• C)credit to the cash.
• D)credit to service revenue.

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Definitions:

Competitive Advantage

The unique attributes or circumstances that allow an organization to outperform its competitors.

Organizational Resources

Assets, capabilities, and inputs that an organization utilizes to operate and achieve its objectives, including human, financial, and physical resources.

Environmental Opportunities

Circumstances in the external environment that a business can exploit to its advantage.

Organizational Weaknesses

Aspects of an organization that reduce its ability to reach its goals, including deficiencies in resources, processes, or capabilities.