MCQs>Finance & Management>Accounts Payable>When a deposit is used as payment, what is the journal entry from the customer's (the person who made the deposit) perspective?
Accounts Payable MCQs
When a deposit is used as payment, what is the journal entry from the customer's (the person who made the deposit) perspective?
Answer
Correct Answer: Debit Service Expense, credit Other Advances
Explanation:
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