Tuesday, August 16, 2011

Accounting question?

Ok, I'm a little brain-dead right now and I'm trying to remember back to my previous accounting cl -- When you receive money for a service you'll be performing in the future, you'll debit cash or some similar account, but you'll credit a liability -- my question is, which account would you credit? Is there a Service Payable account usually? Thanks!

No comments:

Post a Comment