A business renders services to a customer for OR16,000 on account. Which account is credited?Select onea. Accounts payableb. Cashc Accounts receivabled. service revenueCEA MYCeo o o o

Accounts receivable: It is a current asset of an organization. It is the amount due from customers…

Answered: A business renders services to a…

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter5: Operating Activities: Purchases And Cash Payments

Section: Chapter Questions

Problem 3.19C

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When a company makes a sale and accepts a credit card payment from a customer, the company: Multiple Choice debits Cash. credits Accounts Receivable. credits Cash. debits Accounts Receivable. < Prev 29 of 50 Next T:T

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A business renders services to a customer for OR16,000 on account. Which account is credited? Select one a. Accounts payable b. Cash c Accounts receivable d. service revenue CEA MYCe o o o o