On 27 September 2012,a Builder Received an Advance of $50 $\quad$

question 10

Short Answer

On 27 September 2012,a builder received an advance of $50 000 from a client for future work.The work was completed to the client's satisfaction on 3 December 2012.What is the journal entry made by the builder on 3 December 2012?
A. DR Cash $\quad$ $\quad$ $\quad$ CR Unearned revenue

B. DR Accrued revenue $\quad$ CR Sales revenue

C. DR Unearned revenue $\quad$ CR Sales revenue

D. DR Sales revenue $\quad$ $\mathrm { CR }$ Unearned revenue

---

Definitions:

Skill-based Pay

A compensation system where pay levels are determined by an individual's skills or knowledge, rather than job title or rank.

Employer Pays

A principle or practice where the employer is responsible for bearing certain costs, such as those related to employee wages, benefits, and other employment-related expenses.

Bureaucracy

Definition: A system of administration characterized by strict policies, procedures, and hierarchy, usually within large organizations or governments.

Compa-ratio

is a metric that compares an individual's salary to the midpoint of a salary range for their position, offering insight into relative pay positioning.