Earning revenue on account would be classified as a/an?
A)claims exchange transaction.
B)asset use transaction.
C)asset source transaction.
D)asset exchange transaction.

Question

Quizplus · Accepted Answer

Earning revenue on account is an example of an asset source transaction because it increases assets (accounts receivable) without decreasing any other asset or liability account.

Earning Revenue on Account Would Be Classified as A/an