The Accounting Entry When Income Is Earned on Credit Is

question 20

Multiple Choice

The accounting entry when income is earned on credit is:

• A)Debit cash,credit income
• B)Debit accounts receivable,credit income
• C)Debit income,credit accounts payable
• D)Debit income,credit accounts receivable

Identify the characteristics and understand the use of stored-value cards.

Recognize appropriate and inappropriate uses of home equity loans.

Understand strategies for improving one's credit score.

Know consumer protection laws regarding credit and how they apply to individuals.

---

Definitions:

Double Filament

A double filament refers to a bulb or lamp that contains two filaments, allowing for two levels of brightness or function, such as in a car's headlight for both high and low beams.

Headlight System

A vehicle's lighting assembly designed to illuminate the road ahead during nighttime or inclement weather conditions.

Headlight Aiming

The process of adjusting the direction and angle of a vehicle's headlights to ensure optimal visibility and safety at night.

FMVSS

Stands for Federal Motor Vehicle Safety Standards, a set of U.S. government regulations designed to ensure the safety of vehicle manufacturers and road users.