The Accounting Entry When Income Is Earned on Credit Is

question 8

Multiple Choice

The accounting entry when income is earned on credit is which of the following?

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

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Definitions:

Availability Heuristic

A cognitive shortcut that relies on immediate examples that come to a given person's mind when evaluating a specific topic, concept, method, or decision.

Press Coverage

The dissemination and reporting of news events and information by various media outlets.

Eating Disorders

Eating disorders are psychological conditions characterized by abnormal or disturbed eating habits, which negatively affect a person's health and well-being.

Bulimia Nervosa

An eating disorder characterized by episodes of binge eating followed by compensatory behaviors, such as purging, fasting, or excessive exercise.