Which of the following entries would be made as the result of the revenue recognition principle?

A)
Service Expense 1,000
Service Revenue 1,000

B)
Accounts Receivable 1,000
Service Revenue 1,000

C)
Salaries Expense 1,000
Accounts Payable 1,000

D)
Depreciation Expense 1,000
Accumulated Depreciation 1,000

B

Business

You might also like to view...

In a short essay, discuss measures of variability as they are associated with frequencies. Include a discussion of range, variance, and standard deviation

What will be an ideal response?

Business

Non-traditional focus groups differ from traditional focus groups in that:

A) they are not restricted to 6 to 12 persons meeting in a dedicated room with one-way mirrors for client viewing B) they are not certifiable by the Qualitative Research Consultants association C) they are run by clients for clients D) they are run only by qualified QRC's E) they are not quantifiable

Business