Performing a service and receiving a promise to pay from the customer would
A)increase revenue.
B)decrease assets.
C)increase liabilities.
D)decrease expenses.
E)decrease revenue.

Question

Quizplus · Accepted Answer

Performing a service and receiving a promise to pay increases revenue because the service has been rendered, and the promise to pay indicates that the company has earned income.

Performing a Service and Receiving a Promise to Pay from the Customer