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When payment received without services: Debit Cash / bank Credit Unearned revenue

When services rendered: Debit Unearned Revenue Credit Services revenue

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11y ago

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What is money received?

Money received can be income, payment for services rendered, credit towards a debt, etc.


When services are rendered but payment is not made which account would be increased?

Accounts payable


Does a provider have to bill insurance for services rendered?

No, a provider is not required to bill insurance for services rendered, but it is typically done to receive payment for the services provided.


Can you withhold medical records for non-payment of services rendered?

No, healthcare providers cannot withhold medical records for non-payment of services rendered. Patients have a legal right to access their medical records, regardless of payment status.


What is s commission?

it is a payment given to agents for their services rendered for the business.


How do I properly bill someone for services rendered?

To properly bill someone for services rendered, you should create a detailed invoice that includes the services provided, the cost of each service, any applicable taxes or fees, and the total amount due. Send the invoice promptly after completing the services, and provide clear payment instructions and deadlines. Follow up with the client if payment is not received on time.


Can you prosecute a client who stopped payment on a check for services rendered?

client stopped check on services rendered,after paying the same fee for 3 years.what can i do


What does cwa Payment Method mean?

CWA stands for "Cash with Application." It is a payment method where payment is made at the time of application submission, rather than waiting for approval or processing. This method helps to ensure that payment is received upfront before any services are rendered.


What happens if a company refuses payment for goods or services rendered?

If a company refuses payment for goods or services rendered, the other party may take legal action to recover the owed amount. This could result in a lawsuit, court judgment, or other legal consequences for the company that refused payment.


How long does a contractor have to bill you for services rendered?

Contractors typically have a specific timeframe, such as 30 days, to bill you for services rendered. It is important to clarify payment terms in the contract to avoid any misunderstandings.


What is wages, tips, and other compensation?

Wages, tips, and other compensation refer to the money earned by an individual for their work, including regular pay, tips received, and other forms of payment for services rendered.


What is gross remuneration?

gross remuneration is pay or salary, typically monetary payment for services rendered, asin an employment.