A Business Renders Services to a Customer for $26,000 on Account

question 14

Multiple Choice

A business renders services to a customer for $26,000 on account. Which of the following accounts will be debited?

• A)Cash
• B)Accounts Receivable
• C)Service Revenue
• D)Bank

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Definitions:

Core Values

Fundamental beliefs or principles that serve as the foundation for the culture, identity, and decision-making processes of an individual or organization.

Accountability

involves being responsible or answerable for one's actions or decisions, often within the context of a job or role, to stakeholders or the public.

Ethical Decision-making Approaches

Methodologies or philosophies that guide individuals in making choices that are morally sound and in line with ethical standards.

Loyalty to Employees

The commitment and fidelity an employer demonstrates toward their employees, often evidenced by fair treatment, respect, and support for personal and professional growth.