Which Account Is Increased by a Credit to the Account

question 149

Multiple Choice

Which account is increased by a credit to the account?

• A)Accounts receivable
• B)Service revenue
• C)Interest expense
• D)Supplies

Identify and classify costs associated with service entities.

Understand the role and calculation of overhead in service costing.

Grasp the concept and components of a value chain in service and merchandising entities.

Analyze and calculate chargeout rates and total job costs in service organizations.

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Definitions:

Specification Field

An area or domain that outlines and details the required standards, dimensions, and characteristics that a component, system, or process must meet.

Ambient Temperature

The temperature of the surrounding environment or air at any given place or time, often considered in various technical and everyday contexts.

Parasitic Load

Unwanted draining of power from a system, typically by devices that continue to consume power while they are supposedly off or in standby mode.

Voltage Regulator

An electrical component that automatically maintains a constant voltage level to protect devices from power surges or fluctuations.