A Business Renders Services to a Customer for $16,000 on Account.Which

question 147

Multiple Choice

A business renders services to a customer for $16,000 on account.Which account is credited?

• A) Cash
• B) Accounts receivable
• C) Service revenue
• D) Accounts payable

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Definitions:

Top Management

The highest tier of executives and decision-makers in an organization, responsible for setting strategic directions and policies.

Middle Management

A level of management in an organization that is below top executives and above frontline employees, responsible for implementing company policies and strategies.

Focus Strategy

A strategy that concentrates on serving a unique market segment better than anyone else.

Organizational Resources

Refers to the assets, including human, financial, and physical, that an organization can utilize to achieve its objectives.