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If Rent Revenue is shown in income statement but if that revenue is still receivable in accrual accounting system then it will shown under balance sheet at asset side as well.

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11y ago

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What account do earned revenue go in on a balance sheet?

Earned revenue is part of income statement and it is not shown under balance sheet.


What goes on income statement and what goes on balance sheet?

expenditures and revenue go to income statement while assets, liabilities and capital go to the balance sheet.


Does investment revenue go on balance sheet or income statement?

consulting revenue will go to income statement in case if the firms main business is consultancy then sales otherwise will go under other income.


Service revenue on a balance sheet?

I'm not sure I fully understand your question. Revenue would never be on a balance sheet, it is an income statement account.


Where does unearned service revenue go on a multiple step income statement?

unearned service revenue is on the balance sheet not the income statement so the answer is nowhere. service revenue is on the income statement under revenues.


Does unearned revenue go in the income statement?

No, it goes on the balance sheet as a liability.


Is revenue a balance sheet account?

Revenue is not part of balance sheet rather it is part of income statement as it is the amount earned by selling goods or services.


Is unearned revenue recorded on the balance sheet or the income statement?

unearned income is to be shown as a liability in balance sheet until the commitment for such receipt is satisfied.


Does equipemnt go on the income statement?

No, the income statement is for revenue and expenses only. Equipment will go on your balance sheet with your assets.


What is the linkage between income statements and balance sheet?

Income statement and balance sheet are linked in this way that income statement describes how assets and liabilities are utilized to earn revenue and net income while balance sheet describes the information about remianing amount of assets and liabilities.


How can one determine revenue from a balance sheet?

To determine revenue from a balance sheet, look for the income statement or profit and loss statement. Revenue is typically listed as the top line item on the income statement, showing the total amount of money earned from sales or services during a specific period.


What type of revenue is reported in the other income section of the multiple step income statement?

unearned service revenue is on the balance sheet not the income statement so the answer is nowhere. service revenue is on the income statement under revenues. unearned service revenue is on the balance sheet not the income statement so the answer is nowhere. service revenue is on the income statement under revenues Looking after a customer, particularly a customer who places allot of business with you so that you keep and grow that business and the relationship you have with the customer (to stop them going