Revenue reserve is created out of revenue Profit . It is created out of Revenue Profit for exaple General Reserve, Dividend equalization reserve, Investment fluctuation reserve etc.
Give me a example of Revenue Income, pls?
wages and salaries
Basically, incomes and expenditures that take place regularly, as opposed to capital income and expenditure. Salaries, Rent, Printing and Stationary are examples of Revenue Expenses. Discount allowed, Rent received etc, are examples nof Revenue Incomes
sales rent received commission received
Unearned service revenue is that amount which company has received from client in advance but actual goods or service is payable in future like repair and maintenance contract with client etc.
Oil exportation generates large amounts of revenue for the country that has the oil reserves.
Give me a example of Revenue Income, pls?
wages and salaries
what are some examples of non-tax revenue
Basically, incomes and expenditures that take place regularly, as opposed to capital income and expenditure. Salaries, Rent, Printing and Stationary are examples of Revenue Expenses. Discount allowed, Rent received etc, are examples nof Revenue Incomes
hospital pharmacy, emergency unit
sales rent received commission received
To conserve especially beautiful or representative examples of nature and natural wonders.
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.
In countries with other revenues as governmental owned oil reserves or other resources, the only available revenue for the government is the collected taxes to pay for governmental expenses and salaries and to offer social and medical and educational services.
Meu ovo fdp , kusao
cost center investment center profit center revenue center