When a Company Has Performed a Service but Has Not

question 69

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

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Definitions:

Natural Selection

A process in evolutionary biology where organisms better adapted to their environment tend to survive and produce more offspring.

Evolutionary Process

A sequence of events involving gradual development or change in organisms over generations through natural selection and adaptation.

5-HTTLPR

A genetic variant in the serotonin transporter gene (SLC6A4) associated with influences on mood, emotion, and behavior.

Genotype

The genetic constitution of an individual organism, referring to the specific allele makeup inherited from parents.