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Definition of gross receipts?
This is the total amount of money received by your company for their products or services. it includes all related expenses
What is the debit side and credit side of received a cheques as fees for services rendered?
The debit side would be money that you owed and paid out for a service. They credit side is money that was paid to you by someone that owed you for services or products.
2 Revenues represents a. an outflow of assets resulting from the sale of goods or services b. assets received from selling products or services c. assets used or consumed in selling products or?
assets received fro selling products or services
What is money received?
Money received can be income, payment for services rendered, credit towards a debt, etc.
What is sale or return?
A sale is the transaction taken place by two parties exchanging money or services for products or services. A return is bringing that transaction and products back to the party it was "sold" by for money to be refunded. A sale is the transaction taken place by two parties exchanging money or services for products or services. A return is bringing that transaction and products back to the party it was "sold" by for money to be refunded.
What is busin?
Business is making one or more products and/or services available in exchange for money (or sometimes for other products and/or services) for the purpose of generating a profit.
What is an economic term for the money that is received form the sale of goods and services?
The economic term for the money received from the sale of goods and services is "revenue." Revenue is a key indicator of a company's financial performance and is often used to assess its ability to generate profits. It can come from various sources, including sales of products, services provided, and other income-generating activities.
Do you have to pay taxes on money received for services?
Yes.
Money serves as a medium of exchange by?
Products or services
What are the products of private banking?
The products of private banking innovative banking products and lending solutions,services to help you manage your money.
Does unearned revenue have a debit or credit balance?
Unearned revenue has a credit balance. It represents money received by a company for services or products that have not yet been delivered. This liability account increases with credits when cash is received and decreases with debits when the revenue is earned.
What is retention money?
Retention money is a payment of money that is given to a business or service provider prior to services or products being delivered. This money is given refunded should the services or materials not be delivered or acceptable.
