When a Service Has Been Performed,but No Cash Has Been

question 68

Multiple Choice

When a service has been performed,but no cash has been received,which of the following statements is true?

• A) The entry would include a debit to Accounts Receivable.
• B) No journal entry would be made.
• C) The entry would include a debit to Accounts Payable.
• D) The entry would include a credit to Unearned Revenue.

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Definitions:

Expediting

The practice of ensuring speedy delivery of goods or completion of tasks, often by prioritizing and streamlining processes.

Legal Noncompliance

A situation where an entity fails to adhere to relevant laws, regulations, standards, or codes of practice, potentially resulting in legal penalties.

Buyer Behavior

The study of how individual customers, groups or organizations select, buy, use, and dispose of goods, services, ideas, or experiences to satisfy their needs and desires.

Internal Compliance

Adherence to internal rules, policies, and procedures within an organization to ensure operational integrity and prevent misconduct.