Receiving a Cheque from a Customer on Account Would Include

question 142

Multiple Choice

Receiving a cheque from a customer on account would include a:

• A) debit to Accounts Receivable and a credit to Cash
• B) debit to Cash and a credit to Accounts Payable
• C) debit to Accounts Payable and a credit to Cash
• D) debit to Cash and a credit to Accounts Receivable

---

Definitions:

Heart

In a biological context, it is the muscle that pumps blood through the circulatory system; in a metaphorical sense, it can be considered the core or central part of something.

External Environment

Refers to the outside factors and influences that can affect the performance and operation of a business, including economic, political, technological, and social elements.

Opportunities

Chances or prospects for advancement, progress, or profit in various contexts.

Threats

Potential negative circumstances or events that could harm an organization, its operations, or assets.