A customerʹs promise to pay in the future for services or items sold is dubbed a(n) ________.A) Unearned Revenue B) account ReceivableC) note Payable D) accounts Payable


You are watching: Amounts earned from delivering goods or services to customers are called ________.

A customerʹs promise to pay later for services or goods sold is referred to as a(n) ________.A) accounts Payable B) Unearned RevenueC) account Receivable D) notes Payable
A liability created when a company receives cash from customers in breakthrough of providing services or delivering goods is called a(n) ________.A) unearned revenue B) business revenue C) note receivable D) accrued liability
Saturn agency paid the rent because that the existing month in cash. Which of the adhering to accounts will be provided to record the transaction?A) Prepaid rental B) rental Revenue C) rent Payable D) rent Expense
Amounts earned indigenous delivering items or services to client are called ________.A) note receivable B) unearned revenuesC) revenues D) withdrawals
Which that the following is the record holding all the accounts, the alters in those accounts, and also their balances?A) Source file B) psychological balance C) Ledger D) Journal
Which among the adhering to account groups normally has a debit balance?A) revenues and expenses B) assets and expensesC) assets and liabilitiesD) liabilities and revenues
Transactions are first recorded in a ________.A) psychological balanceB) chart of accounts C) journalD) ledger
Posting a transaction means ________.A) calculating the balance in one accountB) prepare a review of account balancesC) moving data native the journal to the ledgerD) finding the account number in the graph of accounts
Which that the adhering to sequences is the normal sequence of circulation of bookkeeping data?A) newspaper → Source document → LedgerB) Source file → journal → Ledger C) Source paper → Ledger → newspaper D) Ledger → journal → resource document
A business purchases equipment with $8,000 cash. I beg your pardon of the following accounts is credited?A) Cash B) EquipmentC) account Payable D) Smith, Capital
A company performs solutions for a customer because that $26,000 top top account. I beg your pardon of the complying with accounts is debited?A) Cash B) accounts Receivable C) business Revenue D) account Payable
A organization performs solutions for $26,000 and also collects cash from the customer. I m sorry of the adhering to accounts will be debited?A) Cash B) account Receivable C) organization Revenue D) account Payable
A organization makes a payment in cash for proclaiming expense. I beg your pardon of the complying with accounts is credited?A) Prepaid heralding B) CashC) account Receivable D) heralding Expense
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