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how do you find revenue when making an income statement and you dont have the cash...

how do you find revenue when making an income statement and you dont have the cash for services given.

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Answer #1

If cash for services given is missing then check the sevice revenue account. As the entry would have such that cash would have been debited and service revenue account would have been credited with amount of cash received agaist the services provided. And that amount can be taken as the revenue while making the income statement.

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