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What revenue code must be shown on all bills as a final entry and in what block or field form locator FL does it occur?
Wiki User
∙ 10y ago
FL 42, 0001
Wiki User
∙ 10y ago
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The entry closing the Expense and Revenue Summary is a?
The entry closing the Expense and Revenue Summary is a?
What is the journal entry for prepaid revenue?
prepaid revenue is debited and revenue is credited
What is journal entry for Accrued Revenue?
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.
What is the entry unearned revenue?
[Debit] Cash / bank [Credit] Unearned revenue
What is the journal entry for deferred revenue?
As it is a advance receipt the journal entry would be cash dr. to deferred revenue
What does the journal entry to close revenue accounts involves?
Debit revenue accountCredit income statement
Journal entry for revenue received from professional fees?
debit cashcredit professional fee revenue
What Pairs of accounts could not appear in the same adjusting entry?
service revenue and unearned revenue
What is journal entry for accrued service revenue?
debit accounts receivableCredit services revenue
What would the journal entry be to record an accured revene?
[Debit] Revenue receivable [Credit] Accrued revenue
What is the bookkeeping entry for a revenue reserve?
The bookkeeping entry for a revenue reserve is a debit to the retained earnings account and a credit to the revenue reserve account. This entry is made to set aside a portion of the profits as reserves for future use or to cover potential losses. By separating the revenue reserve from retained earnings, it allows for better tracking and management of the reserve funds.
What is the journal entry to record mortgage revenue?
debit cash / bank / accounts receivablecredit mortgage revenue
