in a tabular analysis, if the owner provided services on account to customers for 3000, be...
in a tabular analysis, if the owner provided services on account to customers for 3000, be a account receivable and revenue or account receivable and expense?
Homework Answers
Answer:-
If the owner/business is providing any service to a customer, it results in revenue for the business. Here, in this case, a owner provided services to customer for 3,000. So, it results in revenue of 3,000 and account receivables(because in question, it is not given that the customer pays cash)
Tabular format:-
Balance sheet
| Liabilities | Amount | Assets | Amount |
| Accounts Receivables | 3,000 |
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in a tabular analysis, if the owner provided services on account
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