What Would Be the Effect on Accounts If the Business

question 40

Multiple Choice

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

• 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.

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Definitions:

Hormones

Chemical messengers produced by the endocrine glands that regulate various bodily functions and processes.

Sexual Orientation

The pattern of emotional, romantic, or sexual attraction that an individual has towards others, characterized by categories such as heterosexual, homosexual, bisexual, and others.

Pledged Virgin

An individual who has vowed to remain celibate, often for religious reasons, without entering into formal religious life.

Third-sex Category

A sociocultural category that recognizes individuals who do not fit within the traditional binary gender distinctions of male and female.