What Would Be the Effect on Accounts If the Business

question 45

Multiple Choice

What would be the effect on accounts if the business provided services to a customer on account?

• A) An asset would be debited and an expense credited.
• B) Capital would be debited and revenue credited.
• C) An asset would be debited and revenue credited.
• D) An asset would be debited and Capital credited.

---

Definitions:

Resource Constraint

A limitation or restriction on the availability of resources, such as time, money, or materials, that affects the ability to achieve an objective.

Master Schedule

A comprehensive timeline that outlines the major components and milestones of a project.

Network Diagram

A visual representation of a project's tasks and their dependencies on one another, often used in project management.

Finish-Finish Relationship

A type of dependency in project management where one task cannot finish before another task finishes.