Cash (debit) 2045
Design Revenue (credit) 2045
It's pretty much a straight forward entry. You received cash so you debit it, since revenue has a credit balance you credit the same amount to Revenue, check with your company, the account name may vary slightly, but very little. Income, Revenue, etc. It will go to that, never to anything called "net" or "gross" as these accounts are used to figure Retained Earnings which is a Statement of Income and a Retained Earnings statement account.
Debit customer depositsCredit unearned revenue
debit accounts receivableCredit sales revenue
[Debit] Unearned revenue [Credit] Sales revenue
no it is done on a regular basis
Debit accounts receivableCredit services revenue
Outstanding income a/c CR to Customer a/c Dr
prepaid revenue is debited and revenue is credited
[Debit] Sales returns [Credit] Cash / bank [debit] Sales revenue [credit] sales return
Accrued Revenue is a term that I rarely see, though it is an Asset and should be treated as such. Accrued Revenue would be treated similar to an Account Receivable. The Journal Entry would be a Debit to Accrued Revenue and a Credit to Revenue.
Initial receipt of unearned revenue from a customer for service to be provided in the future. Recognition of the unearned revenue as the service is performed and earned. Adjustment entry to reflect the portion of unearned revenue that has now been earned.
As it is a advance receipt the journal entry would be cash dr. to deferred revenue
Debit revenue accountCredit income statement