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Money collected by the government from various sources is known as?
Money that is collected by a government through various sources is referred to as revenue. This revenue is typically collected through taxes.
What is income collected to pay the nation's expenses?
revenue
What is income collected to pay nation's expenses?
revenue
Which tax contributes maximum in the Revenue collection?
Service tax may be one which collected more revenue
What is retail revenue?
retail revenue management is the effective utilisation of revenue or collection obtained or collected from retail shop or establishment for effective use.
What is income already earned but not yet collected?
Unearned revenue
What is the journal entry of cash collected from sale of tickets and recorded as unearned revenue?
Cash collected from sales of tickets should be charged to sales rather then unearned revenue so the correct entry is as follows: [Debit] Unearned Revenue xxxx [Credit] Sales revenue xxxx
What is non-aeronautical revenue?
Non- aeronautical revenue are those that collected from other recreational facilities inside the airport.
Is the amount of sales tax collected on sales is recorded in the Sales Tax Revenue account?
combind revenue accounts
What is Retail Revenue Management?
retail revenue management is the effective utilisation of revenue or collection obtained or collected from retail shop or establishment for effective use.
Is revenue another name for government income?
No. "Revenue" is any kind of income; it means "money collected". The government uses the word "revenue" to mean "money collected by the government", because the government is mostly concerned with how much money THEY collect, as opposed to somebody elses' revenue. The specific term for "government income" is a "tax".
When revenue is earned do you not enter it into the journal until cash has been collected?
yes
