When Services Are Performed on Account

question 176

Multiple Choice

When services are performed on account:

• A)cash is increased.
• B)revenue will not be recorded until the cash is received from the customer.
• C)accounts receivable is increased.
• D)accounts payable is increased.

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Definitions:

Wavelength

Wavelength is the distance between consecutive crests of a wave, especially points in a sound wave or electromagnetic wave.

Frequency

The quantity of times a cyclic event happens in a given time period, typically referred to in situations involving waves or oscillations.

Nanometers

A unit of length in the metric system, equal to one billionth of a meter, commonly used to measure wavelengths of light and the size of biological and chemical structures at the molecular level.

Wavelength

The distance between successive crests of a wave, specifically in physics, the distance between identical points in adjacent cycles of a wave.