MCQs > Finance & Management > Financial Accounting > If you accept payment in advance of delivering services, you debit cash and credit what?

Financial Accounting MCQs

If you accept payment in advance of delivering services, you debit cash and credit what?

Answer

Correct Answer: Deferred Revenue

Explanation:

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Financial Accounting Skill Assessment

Overall Skill Level-Poor

Your Skill Level: Poor

Retake Quizzes to improve it