Services performed for cash should be recorded in the

Name: Services performed for cash should be recorded in the
Brand: Quizplus
Rating: 4.9 (51 reviews)

Question

Quizplus · Accepted Answer

Services performed for cash are considered revenue and should be recorded in the Cash Receipts journal as cash is received for the service provided. The Revenue journal is used for credit sales and the Purchases journal is used for purchases on account. The Cash Payments journal is used for recording cash payments made by the company.

Services Performed for Cash Should Be Recorded in the