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The debit side would be money that you owed and paid out for a service. They credit side is money that was paid to you by someone that owed you for services or products.

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Q: What is the debit side and credit side of received a cheques as fees for services rendered?
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Related questions

When payment is received for services not yet rendered no entry is recorded until that service has been rendered?

When payment received without services: Debit Cash / bank Credit Unearned revenue When services rendered: Debit Unearned Revenue Credit Services revenue


What is money received?

Money received can be income, payment for services rendered, credit towards a debt, etc.


What entries are recorded in the adjustment column a insurance write off B payments received C services rendered D credit balances?

This question is easy to answer. The services rendered is the answer to this question.


What is the effect on income when service is rendered on credit?

Income from services rendered account will decrease and debtors account will increase


How do you record an accounting entry services rendered on cash?

[Debit] Cash account [Credit] Services revenue


How are services paid months in advance for services rendered recorded in a journal?

[Debit] Advance expenses [Credit] Cash / bank


Is unearned comission recorded in credit?

Services for which u have been paid but have not yet been rendered.


How do you write dispute letter due to services not rendered?

You can pull your free credit report, and dispute the service on line.


What is journal entry for received cash for services?

[Debit] Cash / bank [Credit] Services revenue


How do you pay for wireless internet?

Either at the hotel lobby, the hotspot, or to your cell phone company. Credit, Debit, Cash, Cheques, that is all at the discretion of the company offering the services.


When you rendered services on account what accound do you debit?

If you render a service n account to a customer you debit Account Receivable and credit Service Revenue.


How do you journal entry the question rendered service to costomers on account the amount 1250?

[Debit] Accounts Receivable 1250 [Credit] Services sales 1250