Is this true or false? When recording a cash transaction from a client for a service that will be supplied in a future period, a debit is made to an unearned revenue account.
Is this true or false? When recording a cash transaction from a client for a service that will be supplied in a future period, a debit is made to an unearned revenue account.
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter5: Cash Control Systems
Section5.3: Dishonored Checks And Electronic Banking
Problem 2AYU
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Is this true or false?
When recording a cash transaction from a client for a service that will be supplied in a future period, a debit is made to an unearned revenue account.
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