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How much cash was received for service provided during march

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Reference no: EM132789593

Porblem 1: Which of the following transactions will not result in an increase in revenues ?

a. Accumulation of interest in bank account

b. An investment in the business by the owner not

C. Sale of goods on credit.

d. Sale of services for cash.

Porblem 2: Unearned Revenues was P6,000 at the end of February and P7,500 at the end of March. Service Revenues was P42,000 for the month of March. How much cash was received for services provided during March?

a. P55,500

b. P40,500

c. P28,500

d. P43,500

Porblem 3: Failure to adjust for accrued Salaries at year-end will result in an

a. overstatement of liabilities.

b. overstatement of profit.

C. understatement of assets.

d. understatement of owner's equity.

Reference no: EM132789593

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