At the End of the Month, the Total of the Amount

question 71

Multiple Choice

At the end of the month, the total of the amount column of the revenue journal is posted as a

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

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Definitions:

Latent

Hidden or dormant, but with the potential to become active or manifest at a later time.

Active

Engaged in action; characterized by energetic work or participation.

Aware

Having knowledge or perception of a situation or fact; often used in contexts to describe consciousness about social, environmental, or health issues.

Quantitative Information

Data that can be measured and expressed numerically, facilitating objective analysis and statistical evaluation.