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Performed services is a revenue account and revenue account has credit balance as normal default balance so services performed also has credit balance.
Services revenue is revenue same as product revenue and it is not an asset or liability of the business.
Revenue journal
Revenue Journal
May 6 Cash 3900 Service Revenue 3900 Performed service for cash.
Yes both statements related to same thing and which is services revenue for business.
REALIZED REVENUE-A revenue transaction where goods and services are exchanged for cash orclaims to cash.
Performed services is a revenue account and revenue account has credit balance as normal default balance so services performed also has credit balance.
Revenue
Services are sold on account by which, when you receive revenue or income, it will be receivable if the revenue or income are not earned when the services is/or/are already performed
Services revenue is revenue same as product revenue and it is not an asset or liability of the business.
Revenue journal
Revenue Journal
May 6 Cash 3900 Service Revenue 3900 Performed service for cash.
debit accounts receivablecredit services revenue
Fee for transaction revenue model is the fee that you will get when you transact in the revenue model. THAT IS GOOD! THAT AINT RIGHT!
when the service is performed