A business receives a cash payment for services rendered., Ask an Expert

Accounting

A business receives a cash payment for services rendered. Which of the following occurs?

(a) an asset is debited and a revenue account is credited.

(B) an asset is debited and a revenue account is debited.

(D) an asset is credited and a liability is debited.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9416854

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