When a Company Has Performed a Service but Has Not

question 119

Multiple Choice

When a company has performed a service but has not yet received payment,what is the required journal entry to be recorded?

• A) Accounts Receivable - Debit; Revenue from Services - Credit
• B) Revenue from Services - Debit; Cash - Credit
• C) Unearned Revenue from Services - Debit; Accounts Receivable - Credit
• D) Revenue from Services - Debit; Accounts Receivable - Credit

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Definitions:

Molecular Biology

A branch of biology that deals with the molecular basis of biological activity, including the study of DNA, RNA, proteins, and their synthesis.

Gene Defects

Abnormalities in genes that can lead to various genetic disorders or diseases due to mutations or alterations in the DNA sequence.

Polygenetic Disorder

A disorder caused by the combined action of multiple genes, rather than a single gene mutation.

Biological Basis

The underlying physiological and genetic factors contributing to an organism's development and behavior.