When a Business Provides Services for Cash, What Is the Effect

question 122

Multiple Choice

When a business provides services for cash, what is the effect on the accounting equation are affected?

• A)Revenue and Expense
• B)Cash and Retained Earnings
• C)Cash and Expense
• D)Cash and Dividends

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A clothing size specification for shirts indicating a size larger than medium, often with specific measurements for chest width and length.

Probability

The estimation of how likely an event is to take place, quantified by a number ranging from 0 to 1.

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A statistical concept that quantifies the chance of a given event occurring, often expressed as a ratio or percentage.