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:

Creativity

The ability to generate or recognize ideas, alternatives, or possibilities that may be useful in solving problems, communicating, and entertaining.

Scatterplot

A type of graph used in statistics to display values for two variables for a set of data, allowing for the observation of relationships or patterns.

Skewed Distribution

A statistical term describing an asymmetry in the frequency distribution of a set of data.

Standard Deviation

Standard deviation is a statistical measure of the dispersion or variability within a set of data points, indicating how spread out the data points are from the mean.