Martin Supply Service Received $1,000 Cash from a Customer Which

question 89

Multiple Choice

Martin Supply Service received $1,000 cash from a customer which was owed to the business from the previous month.Which of the following accounts decreases?

• A) Cash
• B) Owner's capital
• C) Accounts payable
• D) Accounts receivable

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Definitions:

Composite Score

A metric that combines multiple individual scores or indicators into a single overall measure.

Composite Score

An aggregated score made up of multiple individual scores or metrics to provide a comprehensive evaluation.

Holding Cost Rate

The percentage of the inventory value charged as holding cost over a specific period of time.

Economical

Concerned with optimizing resource use and cost savings without sacrificing quality or performance.