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What is the meaning of deferred revenue expenditure?
an deferred revenue is known as accounting
Tax treatment of deferred revenue expenditure?
What Did you mean by deferred revenue tax
What type of account is Deferred Commissions?
Liability
When a business entity receives payment before delivering goods what is the unearned revenue account?
In accrual-based accounting, you would not recognize revenue before delivering the goods. You would typically have a liability account for "deferred revenue."
Deferred revenue expenditure?
Deferred expenditure refers to expenses incurred which do not apply to the current accounting period. Instead, they are debited to a 'Deferred expenditure' account in the non-current assets area of your chart of accounts. When they become current, they can then be transferred to the profit and loss account as normal.
Deferred revenue is revenue that is?
Deferred.
How do you account for subscription sales?
Debit Cash Credit Deferred (or unearned) Revenue - Subscription Sales As the subscriptions are fulfilled - if the total amount of a subscription for 12 (monthly) magazines is 120.00 then each month: Debit Deferred Revenue - Subscription Sales for 10.00 Credit Subscription Sales for 10.00 (Deferred Revenue is a liability account)
What is the meaning of deferred revenue expenditure?
an deferred revenue is known as accounting
Tax treatment of deferred revenue expenditure?
What Did you mean by deferred revenue tax
What type of account is Deferred Commissions?
Liability
When a business entity receives payment before delivering goods what is the unearned revenue account?
In accrual-based accounting, you would not recognize revenue before delivering the goods. You would typically have a liability account for "deferred revenue."
What type of account is unearned revenue?
Unearned Service Revenue is a Liability account.
Deferred revenue expenditure?
Deferred expenditure refers to expenses incurred which do not apply to the current accounting period. Instead, they are debited to a 'Deferred expenditure' account in the non-current assets area of your chart of accounts. When they become current, they can then be transferred to the profit and loss account as normal.
What type of account is unearned service revenue?
Unearned Service Revenue is a Liability account.
What is the entry for deferred revenue?
dr Bank/Accounts Receiveable (A) xxx cr Deferred Revenue (L) xxx
Is deferred revenue an asset?
Deferred revenue is recognized when cash received in advance for product or service that not delivered or rendered, so it's liability, once service fulfilled or product received Revenue Would be recognized Deferred revenue also Known as unearned revenue
What type of account is the rent receivable account?
Revenue account
