Which of the Following Entries Would Be Made as the Result

question 114

Multiple Choice

Which of the following entries would be made as the result of the revenue principle?

• A) \[\begin{array} { | l | r | r | }
• \hline \text { Service revenue } & 1,000 & \\
• \hline \text { Service revenue } & & 1,000 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | l | r | r | }
• \hline \text { Accounts receivable } & 1,000 & \\
• \hline \text { Service revenue } & & 1,000 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | l | r | r | }
• \hline \text { Salary expense } & 1,000 & \\
• \hline \text { Accounts payable } & & 1,000 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | l | r | r | }
• \hline \text { Depreciation expense } & 1,000 & \\
• \hline \text { Accumulated depreciation } & & 1,000 \\
• \hline
• \end{array}\]

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Definitions:

Science Goal

An objective or aim related to gaining knowledge, understanding phenomena, or solving problems using systematic and empirical methods characteristic of the sciences.

Scientific Method

A systematic process of inquiry involving observation, hypothesis formulation, experimentation, and conclusion to test scientific theories and gain knowledge.

Research Method

The systematic approach to collecting, analyzing, and interpreting data in order to increase understanding of a topic or issue.

Testable Hypothesis

A hypothesis that can be supported or refuted through experimentation or observation, making it possible to draw conclusions.