When the revenue is usually recorded?
Let’s learn when the revenue is usually recorded. The most accurate or helpful solution is served by Yahoo! Answers.
There are ten answers to this question.
Best solution
what account type is debited in the adjusting entry when unearned income was initially recorded as revenue?
Answer:
Debit Revenue (revenue account) Credit Unearned Revenue (liability) Reverses the credit to Revenue that...
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Other solutions
when goods are shipped when collection is made upon delivery to the customer either when sale is made, collection occurs and/or delivery is made looks like the last answer is correct, isn't it?
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a)an accrued revenue. b)an unearned revenue. c)an unrecorded revenue. d)None of the above is correct.
Answer:
Google Adsense is the best advertising instrument used over internet now. But coping up with the TOS...
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With regards to recording an AJE: On October 1, Alpha’s bookkeeper recorded the cash prepayment of $12,000 rent for one year as an asset. debit pre-paid rent (the asset) 12000 credit cash 12000 AJE: Dec 31 of same year debit rent expense 2000 credit...
Answer:
The prepayment can't be a credit so it can't be revenue. The credit goes to cash, you reduced cash....
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Answer:
When an accrual basis is used, revenue is recorded when the receivable is recorded. It becomes income...
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Answer:
When an accrual basis is used, revenue is recorded when the receivable is recorded. It becomes income...
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how do i put this in general journal? is it accounts receivable $70 and cash $ 1350 on debit side and revenue $ 1600 on credit side?
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Answer:
False. Under the accrual basis of accounting, revenue is recorded when earned, not necessarily when...
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Answer:
The Cash Basis Accounting method is the method used to record income (revenue) ONLY when cash is received...
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Answer:
Revenue and cash receipts are recorded according to the revenue recognition principle. It is the basis...
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