Final answer:
The sale of services to a customer on account increases both Service Revenue and Accounts Receivable.
Explanation:
True. The sale of services to a customer on account does indeed increase the Service Revenue and the Accounts Receivable accounts. When a service is provided to a customer on credit (on account), Service Revenue is recognized as the revenue earned, and Accounts Receivable is recorded as an asset representing the amount owed by the customer.
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