The journal entry to record providing of services on credit shall be ___ .

Debit to cash & credit to debtors

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Debit to Income from services & credit to debtors

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Debit to debtors & Credit to Income from services

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

None of the above

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C
Debit to debtors & Credit to Income from services

The journal entry to record providing of services on credit shall be "Debit to debtors & Credit to Income from services".

Suggest Corrections

Similar questions

Q. While passing the entry for goods bought on credit, A/c is debited and A/c is credited.

Ananya withdrew Rs. 2,000 per month for personal use, recording each transaction as a debit to her drawing account and a credit to her cash account. The journal entry closing the drawing account requires a credit to _______ account & debit to _______ account.

Q. The cash discount allowed to a debtor should be credited to __________.

Explain how the following may be ascertained from incomplete records

(a) Opening capital and closing capital

(b) Credit sales and credit purchases

(d) Closing balance of cash

Explain how the following may be ascertained from incomplete records:

(a) Opening capital and closing capital

(b) Credit sales and credit purchases

(d) Closing balance of cash.

Join BYJU'S Learning Program

The journal entry to record providing of services on credit shall be ___ .

The correct option is C Debit to debtors & Credit to Income from services The journal entry to record providing of services on credit shall be "Debit to debtors & Credit to Income from services".

The correct option is C
Debit to debtors & Credit to Income from services

The journal entry to record providing of services on credit shall be "Debit to debtors & Credit to Income from services".