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Arnaldo Bergnaum
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What is The revenue account for a merchandising business called?
Sales
The account that appears in the chart of accounts for a merchandising business but not for a service business?
Sales
Unearned revenue account is classified as a?
Unearned revenue account is classified as current liability as it is the revenue not yet earned by business.
What type of account is equipment?
Equipment is a long term asset account available for business to generate economic revenue.
Why an unearned revenue account?
I am not exactly sure what is trying to be asked here, but I will explain what an unearned revenue account is and hopefully that will give you the answer you are looking for.When a company is in business, whether a merchandising business or a service business, their goal is to make money, earn a profit. Unearned Revenue is a liability account where money that is paid by a customer is listed if the customer has not received his/her merchandise or service.Example: Let's say we are a service business and customer A wants you to paint their house. You contract with the customer to paint their house for $5,000 and the customer pays you before you do the work. You record this transaction in unearned revenue because, although you have received the money for the service, you actually haven't performed the service as of yet, in other words you haven't "earned" it. This is a liability for you, as you now owe customer A a service and until that service is fulfilled you are obligated to either perform the service (paint their house) or if unable to complete the agreement, refund their money.Once the service is completed the Unearned Revenue account is credited and the money you were previously paid is "earned" Revenue.
What is the revenue account for a merchandising business entitled?
Sales
What is The revenue account for a merchandising business called?
Sales
The account that appears in the chart of accounts for a merchandising business but not for a service business?
Sales
Unearned revenue account is classified as a?
Unearned revenue account is classified as current liability as it is the revenue not yet earned by business.
How to develop account revenue?
There are certain factors to consider when developing an account revenue. The factors to be considered includes the risks of the given business, revenue forecasting, and the blueprint of the given business.
Example of merchandising business?
example of merchandising business
Is the primary source of revenue for a merchandising company is sales revenue?
YES
Give example of merchandising business?
example of merchandising business
Is The Gap a service business - merchandising business group - or manufacturing business?
merchandising
What type of account is equipment?
Equipment is a long term asset account available for business to generate economic revenue.
Typical example of service business and merchandising business?
what are the some examples of merchandising business ?
Conclude the effects of merchandising?
The effects of merchandising is that it generally leads to increased profits and revenue. Merchandising refers to the activity of promoting the sales of goods through the presentation in their outlets.
