Which of the Following Is Considered a Service

question 52

Multiple Choice

Which of the following is considered a service?

• A) Teaching
• B) Waiting tables
• C) Cutting hair
• D) All of these

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Definitions:

Accounts Receivable

Represents the money owed to a business by its customers for goods or services delivered but not yet paid for.

Accounts Receivable

Accounts Receivable represents the money owed to a company by its customers for goods or services delivered but not yet paid for.

Sales Revenue

The income that a company receives from its normal business activities, usually from the sale of goods and services to customers.

Accounts Payable

Liabilities to creditors, representing amounts the company owes for goods and services it has received but not yet paid for.