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What is the meaning of since the consumption is low in accordance to revenue?
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Why is unearned revenue a liability instead of a revenue account?
Unearned revenue accounts represent the amount of cash received before services are provided. Since services have not been provided yet, it is not revenue. (It represents the obligation for future services in order for the revenue to be earned.)
Will a credit entry to an account increase the balance of a revenue account?
Yes. Since revenue accounts are "credit" accounts, they are increased by credit entries and decreased by "debit" entries.
What is the definition of total gross taxable revenues?
"Total gross taxable revenues" means revenues from all your sales which are subject to tax. == == Total Revenue - Exempt Revenue = Taxable Revenue Exempt revenue - Eg. a sale made to the Government .. You do not have to pay tax on it since you do not charge them with tax. (This example may not be applicable to all countries)
Is accounts receivable a revenue?
Accounts Receivable is an asset since it is a resource controlled by the entity as a result of past transaction with the future economic benefit to flow to the entity.Sale of goods and services is a revenue and not accounts receivable.
What is the journal entry for prepaid income?
The journal entry for prepaid income is a debit to the Cash account and a credit to the Unearned Revenue account. The Unearned Revenue account is a liability. The rationale for such an entry is that this is income received in advance. This means that the income has not been earned since the services have not yet been performed. When the services have been performed it is appropriate to recognize the revenue and offset the liability account, unearned revenue.
Revenue allocation IN NIGERIA?
revenue allocation principle since independence
Why does marginal revenue curve lie below the Demand curve?
Since Marginal revenue refers to the additional revenue earned by a monopolist by increasing the sale by 1 unit ( usually through lowering the price ), the additional revenue earned will always be less since there has been a drop in price.
What are the major factors that have affected US household consumption since the 2001 recession?
1. What are the major factors that have affected U.S. household consumption since the recession in 2001?
How has rice consumption changes since the 1970s?
At an average of 26.3 pounds per person in 2002, per capita rice consumption has doubled since the late 1970s.
The federal government's biggest single source of revenue is from?
Individual income tax is the federal governments biggest source of revenue. It has been the biggest source of revenue since 1950.
Why is unearned revenue a liability instead of a revenue account?
Unearned revenue accounts represent the amount of cash received before services are provided. Since services have not been provided yet, it is not revenue. (It represents the obligation for future services in order for the revenue to be earned.)
How much revenue has the operating room generated since opening?
It is estimated that the amount of revenue that the operating room has generated since its opening is about 2.59 billion dollars. This is based on the records of January 2014.?æ
What are consumption figures of bottled water?
Since 1980, the U.S. bottled water market has grown to nearly 3 billion gallons in annual consumption
Will a credit entry to an account increase the balance of a revenue account?
Yes. Since revenue accounts are "credit" accounts, they are increased by credit entries and decreased by "debit" entries.
Is beer consumption declining?
The average per capita consumption of beer in the United States had declined since the 1980s, reaching 22 gallons in the late 1990s
What is the definition of total gross taxable revenues?
"Total gross taxable revenues" means revenues from all your sales which are subject to tax. == == Total Revenue - Exempt Revenue = Taxable Revenue Exempt revenue - Eg. a sale made to the Government .. You do not have to pay tax on it since you do not charge them with tax. (This example may not be applicable to all countries)
When an organization can get optimal production?
this is obtained when a firm equates its marginal revenue to its marginal cost.At a level of output where MR exceeds MC,then the firm should increase output since the addition to revenue is greater than the addition to revenue.Where a firm's MR is less than its MC,the firm should lower its output since the addition to costs is greater than the addition to revenue.
