Question
If a company receives revenue before the company delivers goods or provides services, how should this initially be recorded? A. Debit cash and credit sales
If a company receives revenue before the company delivers goods or provides services, how should this initially be recorded?
A. Debit cash and credit sales revenue
B. Debit sales revenue and credit cash
C. Debit cash and credit unearned revenue
D. Debit unearned revenue and credit cash
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Auditing
Authors: David Ricchiute
8th Edition
0324226292, 978-0324226294
