"For services rendered" is a more formal way of saying "for work done". Slightly better grammar too.
I dont understand the question
A service that has been carried out.
Payment for Work means having paid for the products or the service that have been rendered by an employee of a certain business.
As long as Services are rendered outside India, Service tax is not applicable.
a service that was rendered
Income from services rendered account will decrease and debtors account will increase
you have no rights
an asset
The revenue for which the services have been rendered but the return for the services i.e revenue, is yet to be received from the person to whom we have rendered the services is called unearned service revenue.
When a service is rendered on credit, the provider delivers the service without immediate payment, creating an accounts receivable. This means the customer is obligated to pay at a later date, impacting the provider's cash flow. The transaction is recorded as revenue for the service provider, but until payment is received, it remains a potential risk of non-collection. Additionally, this can affect the financial statements by increasing both assets and revenue.
Of course.A service was rendered, that service must be paid for.
Fee for Service