Question: When a service is rendered on credit, the effect will be the following: (1) Income from services rendered account will decrease and the debtors account

When a service is rendered on credit, the effect will be the following: (1) Income from services rendered account will decrease and the debtors account will increase. (2) Income from services rendered account will increase and the debtors account will increase. (3) Income from services rendered account will increase and the creditors account will increase. (4) Income from services rendered account will increase and the creditors account will decrease. (5) Income from services rendered account will decrease and the debtors account will decrease.

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