A Business Renders Services to a Client and Issues a Sales

question 37

Multiple Choice

A business renders services to a client and issues a sales invoice.The amount will be collected from the customer at a later time.Which of the following is TRUE at the time the invoice is issued?

• A) Equity will decrease.
• B) Total liabilities will increase.
• C) Total assets will decrease.
• D) Net income will increase.

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Definitions:

Custom Title

A user-defined or personalized title for documents, reports, or software windows, allowing for easier identification or branding.

Application Title

The name given to an application or software program, often displayed in the title bar of its window or on its title screen.

Access Database

A software tool from Microsoft that allows users to create, manage, and query relational databases using a graphical user interface and SQL.

Attachment Fields

A feature in databases that allows users to attach files, such as documents or images, directly to a record in the database.