DU Business Studies Unit (Ga Unit) Practice Questions - University Of Dhaka Business Studies Unit Admission Test (DU Ga C Unit) Exam

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A consulting firm provides services worth 25,000 BDT in December 2025 but does not bill or receive payment from the client until January 2026. What adjusting entry is required on December 31, 2025 under the accrual basis of accounting?

Debit Cash 25,000 BDT and Credit Service Revenue 25,000 BDT Debit Accounts Receivable 25,000 BDT and Credit Service Revenue 25,000 BDT Debit Service Revenue 25,000 BDT and Credit Accounts Receivable 25,000 BDT Debit Unearned Revenue 25,000 BDT and Credit Service Revenue 25,000 BDT

Correct Answer:

Debit Accounts Receivable 25,000 BDT and Credit Service Revenue 25,000 BDT

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