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-   -   Accrual Journal Entery (https://www.askmehelpdesk.com/showthread.php?t=275844)

  • Oct 31, 2008, 11:49 PM
    tabassum194
    Accrual Journal Entery
    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,
  • Nov 1, 2008, 07:03 AM
    pready

    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

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