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How is apple retailer seeking to increase revenue in the future?
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What account is affected when you received cash for work to be done in the future?
Increase in asset; increase in liability. Receiving money is revenue. receiving money you haven't earned yet means you owe that work. What you owe is a liability.
Why is unearned revenue a liability instead of a revenue account?
Unearned revenue accounts represent the amount of cash received before services are provided. Since services have not been provided yet, it is not revenue. (It represents the obligation for future services in order for the revenue to be earned.)
Is an account receivable a revenue?
Accounts Receivable is an asset since it is a resource controlled by the entity as a result of past transaction with the future economic benefit to flow to the entity.Sale of goods and services is a revenue and not accounts receivable.
Is accounts receivable a revenue?
Accounts Receivable is an asset since it is a resource controlled by the entity as a result of past transaction with the future economic benefit to flow to the entity.Sale of goods and services is a revenue and not accounts receivable.
Is revenue always recognized when cash is collected?
no. revenue could be accounted for in a prior period. For example: Debit Accts Rec. Credit Sales. then Debit Cash. Credit Accts Rec. later in the future.
What account is affected when you received cash for work to be done in the future?
Increase in asset; increase in liability. Receiving money is revenue. receiving money you haven't earned yet means you owe that work. What you owe is a liability.
If you received 600 from a client on account where would you post it?
It depends on whether the client owes you money and what basis of accounting you use. If the client owes you money and you use the accrual basis then it posts as an increase (debit) to Cash and a decrease (credit) to accounts receivable. If they are paying in advance for future work then it's an increase (debit) to cash and a increase (credit) to deferred revenue. If you are on cash basis then you increase cash and revenue.
Can the IF function in Excel be use to calculate future revenue?
Potentially it could be used that way, depending on what data you had and how you were calculating the future revenue. If the revenue is conditional on something, then it could be used. There are lots of financial functions that could be used in relation to revenue.
What is the future tense of this word increase?
increase is actually the future tense of increase. It is used with the helper will.
What is the future tense for increase?
Will increase.
Future tense of increase?
Will increase.
Is the word seek in future tense or present tense?
Future - will seek. Present - seeking.
Why is unearned revenue typical for Microsoft?
Unearned revenue is typical for Microsoft due to the nature of their products, such asWindows and Office. At the time of sale, customers pay for the current version of the software as well as future upgrades that will become available. Microsoft recognizes revenue for the sale of the current version, and records unearned revenue for the value of future upgrades.
Why is unearned revenue a liability instead of a revenue account?
Unearned revenue accounts represent the amount of cash received before services are provided. Since services have not been provided yet, it is not revenue. (It represents the obligation for future services in order for the revenue to be earned.)
Will presidential powers increase or decline in the future?
will there be powers in the future
Where can a cordless answer phone be bought?
A cordless phone may be purchased at any electronics retailer or general purpose mass retailer. These include Future Shop, The Source and Target stores.
What is customer equity and How can a company increase its customer equity?
Value of potential future revenue generated by a company's customers in a lifetime. A company with high customer equity will be valued at a higher price than a company with a low customer equity.
