A business renders services for $16,000 and collects cash from the customer.Which account is debited?

Name: A business renders services for $16,000 and collects cash from the customer.Which account is debited?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Cash is debited because it is an asset account and the business has received cash from the customer. The other options (B through D) are not applicable as the business did not extend credit to the customer, incurred any payables, or received payment for goods.

A Business Renders Services for $16,000 and Collects Cash from the Customer.Which