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Debit Cash
Credit Deferred (or unearned) Revenue - Subscription Sales
As the subscriptions are fulfilled - if the total amount of a subscription for 12 (monthly) magazines is 120.00 then each month:
Debit Deferred Revenue - Subscription Sales for 10.00
Credit Subscription Sales for 10.00
(Deferred Revenue is a liability account)
What else can I help you with?
Why some authors says that sales are nominal account?
no sales is not a nominal account. because nominal account says" debit all expenses and credit all income and gain account. " all things which are tangible is call real account. u can touch the goods..Land and Buildings; and Office Machinery A nominal account is account for income and expenses e.g Rent and rates account or subscription account.
How do you end a hacked accounts subscription in runescape?
Runescape Homepage > Account > Account Management > Cancel Subscription.
How do you delete your bitbop account?
I was wondering the same thing. I looked around in the account settings for a couple of minutes and found it under "Account Settings/Your Subscription Plans/Cancel My Subscription".
How do you renew your World of Warcraft subscription?
You go to your battle.net account, and log in. Click on your World of Warcraft account and check the subscription details. It should tell you how much game time you have, and when your subscription is due to be renewed.
What is a normal balance account of a Sales discount?
Sales discount account has debit balance as it causes the reduction of sales and hence a contra account of sales revenue account.
Is sales a perment account?
No, Sales is not permanent account as sales are closed to profit and loss account at the end of fiscal year.
What is the difference between sales account and account sales?
when revenue is earned from charge-account sales, the accountant debits __________ and credits___________
Can you get out of a city of heroes subscription?
Log-in to your NC-Soft account management, their should be a cancel subscription option :)
What type of account is a sales discount?
A sales discount account is a contra-revenue account.
How do you sign out of Amazon?
How do I close my account?If you do not have a subscription, you can simply close all your listings. Once all sales are completed and all listings closed, your Seller Account will be inactive. You do not need to maintain an inactive seller account in any way. If you have a Pro Merchant Subscription, you need only cancel your subscription, delete all your open listings, and finalize all sales. After this, your Seller Account will be inactive. You can still place orders on Amazon.com when the seller portion of your account is inactive.
What is account sales?
A sales account is an account used for cash and credit sales for a specific period of time. It can also be an account that brings money from outside into a firm.
Selecting the subscription list option from the menus will automatically pull up a subscription list for your entire account?
false
