if you recored revenue expediture as capital expediture your profit will be decrease by that amount
$1
Expenditures are things that are spent. Most often expenditures are monetary values that are spent in order for someone or something to move forward.
No. Unearned Revenues are recorded on the Balance Sheet.
unearned income is to be shown as a liability in balance sheet until the commitment for such receipt is satisfied.
if you recored revenue expediture as capital expediture your profit will be decrease by that amount
expediture
yea its a triple integral
True
DescriptionGovernment spending or expenditure includes all government consumption, investment, and transfer payments.
Interior Designs are paid 10% of actual expediture done on the project
Utility expenses are recorded in the expenses section of an income statement
$1
Expenditures are things that are spent. Most often expenditures are monetary values that are spent in order for someone or something to move forward.
debit column of the income statement and the credit column of the balance sheet.
Income will only be recorded when it will received an no entry on contract.Entry at time of received:[Debit] cash / bank[credit] income
No. Unearned Revenues are recorded on the Balance Sheet.