The Account Credited When Cash Is Received from a Customer

question 152

Multiple Choice

The account credited when cash is received from a customer on account is:

• A)cash.
• B)accounts payable.
• C)accounts receivable.
• D)service revenue.

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Definitions:

Coercive Socio-Political System

A form of governance or societal structure where power is maintained and exercised through force, intimidation, or repression.

Authoritarian Command Apparatus

A structure of governance where power is concentrated in the hands of a single authority or a small group, with strict obedience expected from the populace.

The State

An organized political community under one government, recognized as sovereign or exercising authority over a specific territory.

Formal Concept

A concept that is clearly defined by a set of rules, a formal definition, or a classification system.