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The receipt of OMR 3,000 advance payment from customer for services to be rendered next year was incorrectly credited to service revenue. The correcting entry
The receipt of OMR 3,000 advance payment from customer for services to be rendered next year was incorrectly credited to service revenue. The correcting entry is Service Revenue 3,000 Unearned Revenue 3,000 Unearned Revenue 3,000 Service Revenue 3,000 Cash 3,000 Unearned Revenue 3,000 Cash 3,000 Service Revenue 3,000
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