Which of the Following Journal Entries Correctly Records a Transaction $\quad$

question 61

Multiple Choice

Which of the following journal entries correctly records a transaction where services were provided to a customer on account?

• A) Cash
• \( \quad \)Revenues
• B) Unearned revenue
• \( \quad \)Revenues
• C) Accounts receivable
• \( \quad \)\( \quad \)Revenues
• D) Revenues
• \( \quad \)Unearned revenues

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Definitions:

Knowledge Management

involves the process of creating, sharing, using, and managing the knowledge and information of an organization, to enhance its performance and competitiveness.

Flattening Hierarchy

The process of reducing levels in an organization's structure to decrease distance between managers and employees and promote quicker decision-making.

Span of Control

Describes the number of subordinates that a manager or supervisor can effectively oversee, directly affecting management layers and organizational structure.

Matrix Departmentalization

An organizational structure that combines two or more types of departmentalization, often functional and product, to leverage the benefits of both.