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Account title for revenue earned when goods are delivered to costumers?
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Unearned revenue account is classified as a?
Unearned revenue account is classified as current liability as it is the revenue not yet earned by business.
Is unearned revenue is nominal account?
Unearned ravenue is liability account as revenue is not yet earned but cash received.
What is the adjustment for service revenue earned but unbilled total 600?
debit account receivable credit service revenue
What is the difference between sales account and account sale?
when revenue is earned from charge-account sales, the accountant debits __________ and credits___________
What type of account is Unearned revenue and what its normal balance?
Unearned revenue is a liability account. It is revenue that is received in one fiscal period despite the fact that revenue is not earned until another fiscal period. Its normal balance is credit.
What happens to unearned revenue after work done?
Unearned revenue converted to earned revenue after it is done and delivered to customer.
Unearned revenue account is classified as a?
Unearned revenue account is classified as current liability as it is the revenue not yet earned by business.
Is unearned revenue is nominal account?
Unearned ravenue is liability account as revenue is not yet earned but cash received.
What account do earned revenue go in on a balance sheet?
Earned revenue is part of income statement and it is not shown under balance sheet.
When services are sold on account?
Services are sold on account by which, when you receive revenue or income, it will be receivable if the revenue or income are not earned when the services is/or/are already performed
What is the adjustment for service revenue earned but unbilled total 600?
debit account receivable credit service revenue
What is different between account sale and sale account?
when revenue is earned from charge-account sales, the accountant debits __________ and credits___________
What is the difference between sales account and account sales?
when revenue is earned from charge-account sales, the accountant debits __________ and credits___________
What is the difference between sales account and account sale?
when revenue is earned from charge-account sales, the accountant debits __________ and credits___________
What type of account is Fees Earned?
It is under capital which is the account type of Owner's Equity. Fees Earned is under the title Revenue when expanding the ledger.
What type of account is Unearned revenue and what its normal balance?
Unearned revenue is a liability account. It is revenue that is received in one fiscal period despite the fact that revenue is not earned until another fiscal period. Its normal balance is credit.
What are the appropriate names for the revenue account for a businesses such as doctor hairdresser photographer loan company real estate company and dry cleaning company?
the doctor, hairdresser and photographer's revenue account name is fees revenue real estate's revenue account name is commission earned
