A Business Collects Cash from a Customer on Settlement of Accounts

question 121

Multiple Choice

A business collects cash from a customer on settlement of accounts receivable. Which of the following accounts will be debited?

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

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Definitions:

Traits

Observable characteristics of an organism, determined by genetics and environmental influences, including physical appearance and behavior.

Double-ringed Molecule

A term describing molecules composed of two interconnected ring structures, typically associated with the structure of nucleotides in DNA and RNA.

Guanine

A nitrogenous base that is one of the five main nucleobases found in the nucleic acids DNA and RNA, characterized by a double ring structure.

DNA Sequence

Order of nucleotide bases in a strand of DNA; genetic information.