A business renders services to a customer for $26,000 on account. Which of the following accounts will be debited?

Name: A business renders services to a customer for $26,000 on account. Which of the following accounts will be debited?
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Question

Quizplus · Accepted Answer

When services are provided on account, it means the payment is not received immediately, but rather the business creates an account receivable. Therefore, the account that will be debited is Accounts Receivable.

A Business Renders Services to a Customer for $26,000 on Account