A Business Collects Cash from a Customer in Payment of Accounts

question 59

Multiple Choice

A business collects cash from a customer in payment of accounts receivable.Which account is debited?

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

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Definitions:

Retreat

The act of withdrawing or moving back, often used in the context of strategic withdrawals in military operations or as a means of finding peace and quiet.

Self-Monitoring

The practice of attentively observing one's own behavior and responses in various situations to adjust them in order to achieve desired outcomes.

Low

Refers to a position, level, or figure that is less than average or normal; often associated with quantity, quality, or degree.

Nonreactive

Describes a substance or material that does not chemically react under a set of given conditions.