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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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