When Revenue Is Earned from Charge-Account Sales,the Accountant

question 101

Multiple Choice

When revenue is earned from charge-account sales,the accountant

• A) debits a revenue account and credits the capital account.
• B) debits Accounts Receivable and credits a revenue account.
• C) debits a revenue account and credits Accounts Receivable.
• D) debits Cash and credits a revenue account.

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Definitions:

Surface Freshwater

Bodies of water found on the Earth's surface, such as rivers and lakes, that contain low concentrations of salt.

Great Lakes

A group of five large freshwater lakes located on the border between the United States and Canada, known for being the largest group of freshwater lakes by surface area in the world.

Canada

A country located in the northern part of North America, known for its vast landscapes, multicultural diversity, and strong national healthcare system.

St.Lawrence River

A large river in North America, flowing from the Great Lakes to the Atlantic Ocean, and serving as a vital waterway for transportation and ecosystems.