A landscaping company charges its customers a portion of their fee before they complete any work.
A landscaping company charges its customers a portion of their fee before they complete any work.
Which account would be credited from this transaction?
SELECT ONLY ONE
Accounts Receivable
Unearned Revenue
Cash
Revenue
Accounts Payable
Homework Answers
| Unearned Revenue would be credited. |
| Amount received in advance is credited to Unearned Revenue Account as Revenue has not been earned for the transaction yet. |
| Cash account is debited for the transaction. |
| Option B Unearned Revenue is correct |
ANSWER :
Option 2rd : Unearned Revenue
Explanation :
Amount received before completion of work is not yet earned. So, Cash is deboited and ueearned Revenue accpunt is credted.
> ANSWER :
Please correct "deboited" as "debited"
Tulsiram Garg Fri, Mar 18, 2022 8:54 AM
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> Please correct "debited" as "debited"
Tulsiram Garg Fri, Mar 18, 2022 8:52 AM