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Showing posts with the label Cash For Services Rendered Accounting Equation

Received Cash For Services Performed Journal Entry

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Received Cash / Cheque Or Check For Services Performed Journal Entry When the owner or the company or corporation received Cash or Bank i.e., payment through Cheque / Check against the services performed / rendered, then, we debit cash account or bank account and credit the Service Revenue Account as a Revenue for the business. The journal entry is shown below:                                                                        Cash a/c / Bank a/c  XXX                                                                                                   ...