Is cash revenue or asset

Anonymous

∙ 12y ago

Updated: 11/15/2022

Cash is an asset, shown on a company's balance sheet.

Reta Haley ∙

Lvl 10

∙ 2y ago

What else can I help you with?

Is cash considered an asset or revenue?

Revenue

Is cash an asset or revenue?

Cash is an asset, shown on a company's balance sheet.

What are the five 5 accounting cycle defines?

cash expense revenue asset liabilites

Whats the difference between an assets ability to generate revenue and its ability to generate profit?

The difference between an asset's ability to generate revenue and its ability to generate profit is generating revenue refers to the asset producing a cash flow that is linked directly to the asset. If the asset was not there, then no money would be made. Assets that generate profit do not produce cash directly, but influences consumer and competitor behavior with the intention of producing more revenues.

Is service revenue an asset or liability?

Services revenue is revenue same as product revenue and it is not an asset or liability of the business.

Would service revenue be considered an asset?

Revenue is not considered an assets. Even from a double entry point of view, revenue would be a credit where as assets are debits so there no even interchangeable. If revenue was kept on the balance sheet as deferred income it would be as a liability.

Is accrued revenue an asset?

no, its a revenue

Is unearned revenue an asset or a liablity?

asset

What is rent paid Asset or revenue?

Revenue

Is Cash an income or capital?

Cash (which actually is "cash in hand") is Asset. Capital is a liability. Income is the revenue generated by some commercial activity. Cash, cheque and other forms of revenue are only the payment modes. The product or service you sell for a price is revenue. Income is the residual amount after the expenses are accounted for. Cash is a balance sheet item while income is a trading and profit and loss item.

Is cash on hand an asset?

Cash on hand is an asset. It will be included as a current asset and is often called "petty cash"

Is deferred revenue an asset?

Deferred revenue is recognized when cash received in advance for product or service that not delivered or rendered, so it's liability, once service fulfilled or product received Revenue Would be recognized Deferred revenue also Known as unearned revenue

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