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What is the journal entry for receipt from consultation service was rs 8250?
The journal entry for receiving a consultation service fee of Rs 8250 would involve crediting the Consultation Service Revenue account for Rs 8250 to recognize the revenue earned. The corresponding debit entry would typically be made to a Cash or Accounts Receivable account, depending on whether the payment was received immediately or will be received at a later date. This entry follows the basic accounting principle of recognizing revenue when it is earned, regardless of when the cash is actually received.
When a product or service is delivered for which a customer advance has been previously received what is the appropriate journal entry?
[Debit] Unearned revenue [Credit] Sales revenue
Can you give me examples of unearned service revenue journal entries?
Unearned service revenue is that amount which company has received from client in advance but actual goods or service is payable in future like repair and maintenance contract with client etc.
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
When cash payment is received for service rendered are asses credited or debited?
because you received cash, thus , the asset account increases: DR cash. This amount receiced and dercresed in fee erned (money paid for service) -> Cr Fee earned
What is a direct payment?
A direct payment can include cash or checks that are received for a service. Direct payment comes from the person receiving the service and goes to the person giving the service.
Can you provide a detailed payment breakdown for this service?
Here is a detailed breakdown of the payment for this service: The total cost is 500, which includes a 50 deposit upfront and the remaining 450 due upon completion of the service.
Where can one subscribe to Surgery Journal?
A subscription to Surgery Journal can be either done online or via telephone in the United Kingdom. The customer service line 01865 843077 is available to take payment for the subscription.
When was Foreign Service Journal created?
Foreign Service Journal was created in 1924.
What is the journal entry for receipt from consultation service was rs 8250?
The journal entry for receiving a consultation service fee of Rs 8250 would involve crediting the Consultation Service Revenue account for Rs 8250 to recognize the revenue earned. The corresponding debit entry would typically be made to a Cash or Accounts Receivable account, depending on whether the payment was received immediately or will be received at a later date. This entry follows the basic accounting principle of recognizing revenue when it is earned, regardless of when the cash is actually received.
When was Journal of the Royal Naval Medical Service created?
Journal of the Royal Naval Medical Service was created in 1915.
Is payment required in advance for the service?
Yes, payment is required in advance for the service.
When a product or service is delivered for which a customer advance has been previously received what is the appropriate journal entry?
[Debit] Unearned revenue [Credit] Sales revenue
Can you give me examples of unearned service revenue journal entries?
Unearned service revenue is that amount which company has received from client in advance but actual goods or service is payable in future like repair and maintenance contract with client etc.
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
Why did I receive a check from Wells Fargo?
You received a check from Wells Fargo because they may owe you money, such as a refund, rebate, or payment for a service.
When cash payment is received for service rendered are asses credited or debited?
because you received cash, thus , the asset account increases: DR cash. This amount receiced and dercresed in fee erned (money paid for service) -> Cr Fee earned
