When services are rendered but payment is not made,which account would be increased?
A)Service revenue
B)Accounts Payable
C)Cash
D)Withdrawal

Question

Quizplus · Accepted Answer

When services are rendered but payment is not made, the account that would be increased is Service Revenue, as it represents the amount that the company earned for providing the services. Accounts Payable would only be increased if the company owed money to a vendor or supplier. Cash and Withdrawal would not be relevant in this situation, as they represent the company's cash balance and the owner's personal withdrawals from the business, respectively.

When Services Are Rendered but Payment Is Not Made,which Account