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Which of the Following Entries Would Be Made as the Result

Question 34

Multiple Choice

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


A)
 Cash 1,000 Service revenue 1,000\begin{array} { | l | l | l | l | } \hline \text { Cash } & & 1,000 & \\\hline & \text { Service revenue } & & 1,000 \\\hline\end{array}
B)
 Accounts receivable 1,000 Service revenue 1,000\begin{array} { | l | l | l | l | } \hline \text { Accounts receivable } & & 1,000 & \\\hline & \text { Service revenue } & & 1,000 \\\hline\end{array}
C)
 Salary expense 1,000 Cash 1,000\begin{array} { | l | l | l | l | } \hline \text { Salary expense } & & 1,000 & \\\hline & \text { Cash } & & 1,000 \\\hline\end{array}
D) Both A and B are correct.

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