"Received $2000 from a client for financial services to be rendered next year."

I am supposed to record the general journal entry for this. Would it be this:

Cash $2000
A/R $2000

or what? This entry is for the last day of the fiscal year, too. Please help me, thanks :)

The credit should be for some kind of unearned income account. The debit is for cash.

The entry that I would recommend is:

Cash $2000
Deposits received (liability account) $2000

As the money is used:
Debit deposits received $XXXX
Credit Income account $XXXX

started business with capital of rs. 30,000

To record the general journal entry for receiving $2000 from a client for financial services to be rendered next year, you would use the following entry:

On the last day of the fiscal year:

Debit: Cash $2000
Credit: Unearned Income $2000

This entry accounts for the receipt of cash, thereby increasing the Cash account (debit) and recording the liability for the unearned income (credit).

To record the general journal entry for receiving $2000 from a client for financial services to be rendered next year, you need to account for the fact that the income has not yet been earned. Therefore, the entry should be:

On the last day of the fiscal year:
Debit: Cash $2000
Credit: Unearned Income $2000

This journal entry reflects the increase in cash (debit) and the corresponding increase in unearned income (credit). Unearned income is a liability account that represents revenue that has been received but not yet earned.

By recording the transaction in this way, you are recognizing the receipt of cash but deferring the recognition of the income until the services are rendered in the following year.