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An entity has recognised revenue for which the services have not been performed but the cash has been received. Which of the following accounts are
An entity has recognised revenue for which the services have not
been performed but the cash has been received. Which of the following
accounts are involved in the adjusting entry: (a) asset, (b) liability, (c)
revenue or (d) expense? For the accounts selected, indicate whether they
would be debited or credited in the entry
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