Julie Lambert has a large consulting practice. New clients are required to pay one-half of the consulting fees up front. The bal

Question

3 years ago

11

Julie Lambert has a large consulting practice. New clients are required to pay one-half of the consulting fees up front. The bal

ance is paid at the conclusion of the consultation. How does Lambert account for the cash received at the end of the engagement

Business

1 answer:

chubhunter [2.5K] · Answer 1 · 2022-05-10T14:34:28+03:00

Answer: cash, earned consulting revenue

Explanation:

Lambert account for the cash gotten from clients through cash, earned consulting revenue. After several business has been done there would be an account of how payments where made, from this, records can be taken how cash where being payed through the records of transfers and payment.