Accrual revenue and Accounts Receivable

jira08 · #1 Jan 14, 2008, 07:52 PM

Hi
If the company has performed service to a customer and has not yet receive cash, we should record this as Dr. Accounts receivable or Accrual Revenue?

Thannks
Tan

accteacher · Jan 16, 2008, 01:23 PM

Quote:

Originally Posted by jira08

Hi
If the company has performed service to a customer and has not yet receive cash, we should record this as Dr. Accounts receivable or Accrual Revenue?

Thannks
Tan

if the service was sold on credit then the person is a debtor? so you would dr the debtor account and cr sales

accteacher · Jan 16, 2008, 01:24 PM

i think the entry would be DR Debtor Account
Cr Sales Account



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