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tabassum194
Oct 31, 2008, 11:49 PM
If a business sends bill prior to service rendered what will be the entry e.g.

If Abc Service company sends bill on 9 march 2008 for first half of the month to a customer what will be the Journal Entry.

Regards,

pready
Nov 1, 2008, 07:03 AM
Debit Accounts Receivable for the Amount
Credit Unearned Service Revenue for the Amount

Debit Accounts Receivable for the Amount
Credit to the appropriate Revenue Account