Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 16 - No. 14)
When a company performs services for a customer on credit, what is the journal entry?
Debit Cash, Credit Service Revenue
Debit Accounts Receivable, Credit Service Revenue
Debit Service Revenue, Credit Cash
Debit Cash, Credit Accounts Receivable
Explanation
This increases accounts receivable, and increases revenue.
Comments (0)
