Question

What are the 2-dual entry effects of billing client?

What are the 2-dual entry effects of receiving bill?

What are the 2-dual entry effects of unearned revenue?

Answer 1

Dual effect of billing client
Entry
Accounts name and Explanation	Debit	Credit
Accounts Receivable	xxx
Sales Revenue		xxx
(To record billing to client)
Explanation
It affects two accounts, it increase the accounts receivable and also increase the Sales Revenue

Dual effect of receiving bill
Accounts name and Explanation	Debit	Credit
Purchase	xxx
Accounts Payable		xxx
(To record bill received)
Explanation
It increase the Purchase account and also increase the Accounts Payable

Dual effect of Unearned Income
Accounts name and Explanation	Debit	Credit
Cash	xxx
Unearned income		xxx
(To record unearned Income)
Explanation
Unearned income is liability, here, Cash is increased and unearned income (liability) also increased.
later after the income is earned then unearned income is debited and Sales revenue is credited.