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Subjects>Business>Accounting

Is revenue a cash or debit?

Updated: 4/28/2022

Wiki User

∙ 9y ago

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Revenue is always credit as all revenue accounts has credit balance as normal balance and cash received or accounts receivable is debit against it.

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∙ 9y ago

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Continue Learning about Accounting

What is the journal entry for sold goods for cash?

Debit cash / bankCredit sales revenue

What is the journal entry collected of the amount billed?

[Debit] Cash xxxx [Credit] revenue xxxx

What is the entry unearned revenue?

[Debit] Cash / bank [Credit] Unearned revenue

What is the journal entry cash sales?

Debit cash / bankCredit sales revenue

What is the journal entry for revenue earned during the month included 6000 cash and 5000 on account?

cash debit with 6000 and unearned revenue is 5000 credit and and account payable credit

Related questions

What is the journal entry for sold goods for cash?

Debit cash / bankCredit sales revenue

What is the journal entry collected of the amount billed?

[Debit] Cash xxxx [Credit] revenue xxxx

What is the entry unearned revenue?

[Debit] Cash / bank [Credit] Unearned revenue

What is the journal entry cash sales?

Debit cash / bankCredit sales revenue

Journal entry for good sold and check received?

Cash (debit)Income or Revenue (credit)A check is considered cash in accounting and is recorded as such as it is easily converted to cash (or deposited)

What is the journal entry for revenue earned during the month included 6000 cash and 5000 on account?

cash debit with 6000 and unearned revenue is 5000 credit and and account payable credit

What is journal entry for received cash for services?

[Debit] Cash / bank [Credit] Services revenue

What is the journal entry for cash sales?

debit cashcredit sales revenue

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 is the journal entry to record mortgage revenue?

debit cash / bank / accounts receivablecredit mortgage revenue

Journal entry for services performed for cash?

May 6 Cash 3900 Service Revenue 3900 Performed service for cash.

How do you record an accounting entry services rendered on cash?

[Debit] Cash account [Credit] Services revenue

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