Received And Paid Cash For Services And Services On Account Journal Entry
Received Cas h From Clie nts For Services Rendered W he n service company rendered services to its client, t he it received cash agai nst suc h services. It is usually the mai n source of revenue for suc h compa n y’s b usi ness. Following journal entry is recorded for t h e amount of revenue received from clients against t h e services rendered as s how n b elow: Cash a/c / Ba nk a/c XXX Service Revenue Received a/c XXX (Cas h / Ch eck Received For Services Rendered To Clients) If services rendered on account or credit, t he n following entry is recorded as s how n b elow: ...