Which of the Following Entries Records the Billing of Service

question 158

Multiple Choice

Which of the following entries records the billing of service revenue performed on account for $5,400?

• A)debit to service revenue and a credit to accounts receivable for $5,400
• B)debit to accounts payable and a credit to service revenue for $5,400
• C)debit to accounts receivable and a credit to the owner's capital for $5,400
• D)debit to accounts receivable and a credit to service revenue for $5,400

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Definitions:

Skills Inventories

Comprehensive databases or lists that track the skills, qualifications, and expertise of an organization's employees, used for planning, recruitment, and development purposes.

HR Forecasting

The process used by human resources to predict the organization's future labor requirements based on various business scenarios.

Demand Requirements

The specific needs and quantities of products or services required by the market at any given time.

Organizational Goals

The strategic objectives that a company aims to achieve, which guide its operations and are intended to ensure long-term sustainability and success.