Sales
One can get business banking accounts by using their business. This seems logical, but it is not as easy as it sounds. One should establish at a minimum an limited liability company and register their business with the Internal Revenue Service. The Internal Revenue Service will give you a tax identification number which is used to open up a business banking account.
Generating revenue is the prime goal of business. The business can not continue to operate without a revenue stream. Even is the business states that it has humanitarian goals, the first goal is to continue to operate, and that takes revenue.
A revenue account is a type of account that shows a company's income from the sale of its goods and services. It also shows all the expenses associated with those items.
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
Revenue is all the money a business brings in. Net income is revenue minus all the expenses of the business. Net income is profit.
Sales
Sales
Unearned revenue account is classified as current liability as it is the revenue not yet earned by business.
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.
YES
Equipment is a long term asset account available for business to generate economic revenue.
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.
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.
TV & Merchandising revenue
debit cash / bank / accounts receivablecredit revenue account
The purpose of a corporate bank account is for a business to have a place for their revenue and expenses. It helps keep their business and personal expenses separate.
In accrual-based accounting, you would not recognize revenue before delivering the goods. You would typically have a liability account for "deferred revenue."