When a Company Has Performed a Service but Has Not

question 143

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; Accounts Payable - Credit
• C) No entry is required until the cash is received.
• D) Revenue from Services - Debit; Accounts Receivable - Credit

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Definitions:

Harmonics

In electrical systems, harmonics are frequencies that are integer multiples of the base fundamental frequency, leading to distortion in power systems.

Cosines

Refers to the cosine function, a trigonometric function that represents the ratio of the adjacent side to the hypotenuse of a right-angled triangle.

Frequency

The number of complete cycles of AC voltage that occur in 1 s.

Hertz

The unit of frequency in the International System of Units (SI), equivalent to one cycle per second, used to measure the frequency of alternating currents and sound waves.