A Business Renders Services to a Client and Issues a Sales

question 140

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:

Techniques

Methods or procedures used to accomplish a specific task or achieve a particular outcome, often within a professional or specialized field.

Projection

A defense mechanism where individuals attribute their own unacceptable thoughts, feelings, and motives to another person.

Hypnotic Responsiveness

An individual's susceptibility to suggestions made during hypnosis.

Positive Attitudes

A mental state involving constructive thinking, optimism, and a positive outlook towards events, people, and situations.