The Entry to Record a Cash Receipt from a Customer

question 133

True/False

The entry to record a cash receipt from a customer when the service is to be provided in a future period involves a debit to an unearned revenue account.

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Definitions:

Time Effectiveness

Time effectiveness refers to how well and efficiently time is managed and utilized to achieve desired outcomes.

Ongoing Process

A continuous operation or series of actions that evolve over time, indicating that it is not stationary but constantly moving or developing.

Deciding

The cognitive process of choosing between different options or actions.

Tasks

Refers to specific duties or work to be completed by a person or group.