0
There are certain factors to consider when developing an account revenue. The factors to be considered includes the risks of the given business, revenue forecasting, and the blueprint of the given business.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
Unearned revenue is a contra revenue account?
Unearned Revenue is a Liability Account
What kind of account is unearned revenue?
Unearned Revenue is a liability account.
What type of account is unearned revenue?
Unearned Service Revenue is a Liability account.
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.
What type of account is unearned service revenue?
Unearned Service Revenue is a Liability account.
Is Purchase Discount revenue or expense?
Sales discount is not an expense account, but is also a deduction to an income statement. It is just a contra account of a revenue account particularly a sales revenue account.
What type of account is the rent receivable account?
Revenue account
Is unearned revenue is nominal account?
Unearned ravenue is liability account as revenue is not yet earned but cash received.
Does a revenue account normally have a debit balance?
No. A revenue account should always show a credit balance.
Is service revenue a revenue account?
Yes, it is, but accounts receivable is not.
Services rendered in accounting is what account?
revenue account
Is account revenue an asset?
No, it is an owner's equity account.
