Services revenue is revenue same as product revenue and it is not an asset or liability of the business.
no, its a revenue
asset
Revenue
Revenue
Services revenue is revenue same as product revenue and it is not an asset or liability of the business.
no, its a revenue
No it is a current liability and is not included in the Income Statement, as other revenues would be.
asset
Revenue
Revenue
Cost of goods sold is current asset until it is sold and generate sales revenue and shown under current assets portion of balance sheet.
Equipment is an asset for business which is usable in business to generate revenue.
balance sheet as a current liability until it's earned, when you transfer the amount earned to revenue.
Current asset
Accrued income is an asset to the Organisation as It has earned the revenue but has not physically receive the funds for it by the end of financial year. It will be classed as a current asset.
yes