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Performed services is a revenue account and revenue account has credit balance as normal default balance so services performed also has credit balance.
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Journal entry for services performed for cash?
May 6 Cash 3900 Service Revenue 3900 Performed service for cash.
What is the accounting journal entry for service performed on account for 2500.00?
debit credit cash 2500 sales 2500
What is journal entry for received cash for services?
[Debit] Cash / bank [Credit] Services revenue
Is service performed a credit or debit in accounting?
Depend on who perform the services. 1.if it is do by the business is debt becos he will be paid 4 it and money comes. 2.credit if the pays other person 4 the service
When payment is received for services not yet rendered no entry is recorded until that service has been rendered?
When payment received without services: Debit Cash / bank Credit Unearned revenue When services rendered: Debit Unearned Revenue Credit Services revenue
Journal entry for services performed for cash?
May 6 Cash 3900 Service Revenue 3900 Performed service for cash.
What is the accounting journal entry for service performed on account for 2500.00?
debit credit cash 2500 sales 2500
Is Advertisement a debit or credit?
It depends ! If you're advertising your business somewhere, then it's a debit. If someone is paying you to advertise their products or services, it's a credit.
What is journal entry for received cash for services?
[Debit] Cash / bank [Credit] Services revenue
When payment is received for services not yet rendered no entry is recorded until that service has been rendered?
When payment received without services: Debit Cash / bank Credit Unearned revenue When services rendered: Debit Unearned Revenue Credit Services revenue
Is service performed a credit or debit in accounting?
Depend on who perform the services. 1.if it is do by the business is debt becos he will be paid 4 it and money comes. 2.credit if the pays other person 4 the service
Is advertisement expense a debit or credit?
It depends ! If you're advertising your business somewhere, then it's a debit. If someone is paying you to advertise their products or services, it's a credit.
What is the debit side and credit side of received a cheques as fees for services rendered?
The debit side would be money that you owed and paid out for a service. They credit side is money that was paid to you by someone that owed you for services or products.
What Journal entry for services performed but not received cash?
debit accounts receivablecredit services revenue
How do you record an accounting entry services rendered on cash?
[Debit] Cash account [Credit] Services revenue
Is prepaid insurance a debit or credit?
Debit
Is service revenue a debit?
Revenues has credit balance as default balance and as services revenue is also a revenue account it means it should have credit balance as well and not a debit balance.
