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puteri [66]
3 years ago
11

A company bills customers for services rendered on account. Which of the following is part of recording this transaction?

Business
1 answer:
Helga [31]3 years ago
6 0

Answer:

c. Increase account receivable

Explanation:

The journal entry for the record this transaction is  

Accounts receivable A/c Dr XXXXX

     To Service revenue A/c  XXXXX

(Being the service is rendered on the account is recorded)

This transaction increases the account receivable as well as the service revenue account so the respective account is debited and credited.

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describe the difference in economic profit between a competitive firm and a monopolist in both the short and long run. which sho
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A company in monopolistic opposition produces an allocatively green output degree even as a company in best opposition produces a productively green output degree.

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8 0
1 year ago
The adjusting entry for accrued interest on a note receivable would include a __________ to __________.
poizon [28]
C. The adjusting entry for accrued interest on a note receivable would include a credit to interest revenue
6 0
2 years ago
Ordering cost only consists of the shipping cost from supplier to customer. True or False
Dennis_Churaev [7]

Answer:

False

Explanation:

Ordering costs are the costs incurred when materials are requested for. These components of this cost are:- 1)Clerical and administrative costs involved in purchasing and accounting for the goods ordered.

2)Cost of transportation

3)Retooling cost: This happens when the product is manufactured internally. Retooling means change of working tools.

4)Insurance while in transit.

5)Drivers' salaries and allowances

6)Loss of materials while in transit.

7)Taxes, custom duties and import duties.

3 0
3 years ago
Read 2 more answers
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