question 6\nif services are rendered on account, then - select answer from the options below\na assets will…

question 6\nif services are rendered on account, then - select answer from the options below\na assets will decrease.\nb liabilities will decrease.\nc liabilities will increase.\nd stockholders equity will increase.

question 6\nif services are rendered on account, then - select answer from the options below\na assets will decrease.\nb liabilities will decrease.\nc liabilities will increase.\nd stockholders equity will increase.

Answer

Brief Explanations:

When services are rendered on account, revenue is earned. Revenue increases stockholders' equity as it adds to the company's earnings. Assets (accounts - receivable) also increase as the company has a right to receive payment in the future, but the key impact on the equity - related accounts is an increase in stockholders' equity. Liabilities are not affected in this transaction.

Answer:

D. stockholders' equity will increase.