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What is the definition of revenue?

The definition of revenue for a company is the amount of money that they received for sold goods or services provided in a specific time frame. For the government is means the increase in assets of government funds.


What will a decrease a revenue and a increase liability?

I can think of nothing that will do that in one transaction. Revenue generally does not effect your liabilities. Revenue is an Owners Equity account and most transactions in revenue effect that, not liabilities. (there is one exception and it is explained later on.)Expenses decrease revenue, which in turn decreases retained earnings which effects owners equity.Dividends Paid decrease retained earnings, which in turns also effects owners equity.The only time any "revenue" has an effect on liabilities is if it is an "unearned" revenue. An unearned revenue is a liability, however, it "increases" your liabilities and increases your assets at the same time. Once the unearned revenue is "earned" it then increases your "revenue" and you decrease your liability.


When cash is received from sales what do it do to owner's equity?

This depends on when the cash was received. If the cash was received at the time of sale, then the owner's equity will increase. This is because revenue (and subsequently owner's equity) is increased at the time it is earned. If, on the other hand, the cash is received as a result of a collection on Accounts Receivable from a previous sale, this will have no affect on owner's equity. This is because the revenue was recognized as soon as the receivable was recorded (i.e., the revenue was earned).


How do you you calculate total revenue percentage?

You can calculate the total revenue percentage by substituting the variable X for the monthly revenue, the variable Y for the period of time, and then multiple these to solve for the total revenue percentage.


Is depreciation revenue expenditure?

Yes depreciation is a revenue expenditure as it incurs every year to generate revenue and capital expenditure is that expenditure which is incurred for one time to earn revenue for more than one fiscal year.

Related Questions

Why might a company have an increase in revenue and a fall in profits at the same time?

There has been a great increase in Cost of goods or expenses.


Any time a company increases its revenue the owner's equity is also increased?

No. Owners Equity is a function of profit, not revenue(sales). If expenses increase by the same $ amount as revenue. The net impact on OE is $0.


Is it unhealthy to do heavy amounts of exercise every day?

No, but increase d time gradually day by day...


What is the definition of revenue?

The definition of revenue for a company is the amount of money that they received for sold goods or services provided in a specific time frame. For the government is means the increase in assets of government funds.


What is used to evaluate how well a company has increased in earnings and value over time?

The trend of revenue for a company is a good way to evaluate earnings over time. A graph can be made showing revenue over a span of years, and this will either show and increase or a decrease.


What will a decrease a revenue and a increase liability?

I can think of nothing that will do that in one transaction. Revenue generally does not effect your liabilities. Revenue is an Owners Equity account and most transactions in revenue effect that, not liabilities. (there is one exception and it is explained later on.)Expenses decrease revenue, which in turn decreases retained earnings which effects owners equity.Dividends Paid decrease retained earnings, which in turns also effects owners equity.The only time any "revenue" has an effect on liabilities is if it is an "unearned" revenue. An unearned revenue is a liability, however, it "increases" your liabilities and increases your assets at the same time. Once the unearned revenue is "earned" it then increases your "revenue" and you decrease your liability.


What happens when the population of antelope gradually increases over time?

The preatador population will most likely increase due to an abundant food source.


2008 Twitter Revenue?

They weren't creating revenue at that time.


When a scene gradually goes dark or a new one gradually emerges from darkness?

This technique is often called a "fade in" or "fade out." It is used in film and theater to transition between scenes or to indicate the passage of time. Gradually fading to darkness can create a sense of closure or mystery, while emerging from darkness can build tension or highlight a new beginning.


True or false the continents may not have drifted slowly into their present positions?

Through the passage of time, the continents have gradually moved across the earth's surface into their present positions. This is called the continental drift.


When was Passage in Time - album - created?

Passage in Time - album - was created in 1995.


When was Passage of Time created?

Passage of Time was created on 2001-03-27.