Received Cash from Customer

question 27

Multiple Choice

Received cash from customer.

• A) Dr Accounts receivable Cr Cash
• B) Dr Cash Cr Accounts payable
• C) Dr Cash Cr Accounts receivable
• D) None of the answers are correct.

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Definitions:

American Standard

Often refers to a set of guidelines or specifications used in the United States for various products, practices, or measurements to ensure quality, safety, and efficiency.

New Immigrants

Wave of newcomers from southern and eastern Europe, including many Jews, who became a majority among immigrants to America after 1890.

Close-Knit Communities

Social groups characterized by strong bonds, frequent interactions, and a high degree of solidarity among members.

Scientific Management

Management campaign to improve worker efficiency using measurements like “time and motion” studies to achieve greater productivity; introduced by Frederick Winslow Taylor in 1911.