When a Company Provides Services on Account,which of the Following

question 134

Multiple Choice

When a company provides services on account,which of the following would be recorded using cash-basis accounting?

• A)Debit to Cash.
• B)Debit to Service Revenue.
• C)Credit to Deferred Revenue.
• D)No entry would be recorded.

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Definitions:

Depolarization

The process in which the electrical charge of a cell membrane becomes less negative, often leading to the initiation of an action potential.

Repolarization

The process of restoring the negative charge inside the membrane of a neuron or muscle cell after depolarization.

Afterpotential

Afterpotential refers to the changes in membrane potential that follow an action potential in a neuron, often leading to either hyperpolarization or depolarization.

Threshold

The minimum level of stimulation required to trigger a neural impulse or a response in other signal-transmitting systems.