Question
If Houston Company billed a client for $18,000 of consulting work completed, the accounts receivable asset increases by $18,000 and: Choices: Revenue decreases $18,000. Accounts
If Houston Company billed a client for $18,000 of consulting work completed, the accounts receivable asset increases by $18,000 and:
Choices:
Revenue decreases $18,000.
Accounts payable increases $18,000.
Revenue increases $18,000.
Accounts payable decreases $18,000.
Cash increases $18,000.
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The Internal Auditing Handbook
Authors: K. H. Spencer Pickett
3rd Edition
0470518715, 978-0470518717
