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    tabassum194's Avatar
    tabassum194 Posts: 1, Reputation: 1
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    #1

    Oct 31, 2008, 11:49 PM
    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,
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    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
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