Tuesday 6 August 2013

When a company provides services on account, which of the following would be recorded using cash-basis accounting? Answer Debit to Cash. Debit to Service Revenue. Credit to Unearned Revenue. No entry would be recorded.

When a company provides services on account, which of the following would be recorded using cash-basis accounting?
Answer
  Debit to Cash.
  Debit to Service Revenue.
  Credit to Unearned Revenue.
  No entry would be recorded.
Answer
No entry would be recorded.

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