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Pre-dated revenue refers to income that is recognized before the actual delivery of goods or services has occurred, often based on a sales agreement or contract. This practice can raise concerns about revenue recognition principles, as it may not align with accounting standards that require revenue to be recorded when it is earned. Companies must exercise caution to ensure that they comply with applicable accounting regulations and accurately reflect their financial performance. Mismanagement of pre-dated revenue can lead to misleading financial statements and potential legal issues.
What else can I help you with?
Is service revenue an asset or liability?
Services revenue is revenue same as product revenue and it is not an asset or liability of the business.
Gain on sale of land is an asset or revenue?
It's a revenue. However, it's not a "Sales revenue", it's a "Other revenue".
Unearned revenue is a contra revenue account?
Unearned Revenue is a Liability Account
What is the journal entry for prepaid revenue?
prepaid revenue is debited and revenue is credited
Is accrued revenue an asset?
no, its a revenue
How do you prove someone has a pre existing condition?
AnswerGet a medical record dated during the lookback period with a pre-x diagnosis on it.
How do you prove someone has a pre-existing condition?
AnswerGet a medical record dated during the lookback period with a pre-x diagnosis on it.
Was the roman republic part of ancient Rome?
Yes it was. It pre-dated the Roman Empire.
What does the number 606 mean?
It is a another sign of the mark of the beast pre dated the 666
How much silver is in a pre 1964 quarter?
U.S. quarters dated 1964 or earlier contain .18084oz of silver.
What are models called with earth in the center of the solar system?
'Out-dated' or 'pre-Copernican'. See the related link below, please:
What two reason made the civil war deadlier?
advances in weaponry and using pre-dated military batlefield tactics
Are Moses and Abraham related?
Abraham was Moses' direct ancestor, but pre-dated him by several generations, they never met. I hope this has helped you : )
How much is a pound of dimes worth?
If they are pre-1965 they are worth about $2.10 each in silver content, if they are dated 1965 or after, they are worth only 10 cents.
Which came first the woolly mammoth or dinosaurs?
Wolly mammoths came after dinosaurs.
Why were zeppelins invented?
zeppelins were invented in the 1900 by Count Von Zeppelin.
What did the ghassolians do with their water supply that was revoulutionary?
They created a series of irrigation ditches to bring water to their crops. This civilization pre-dated Egypt by at least one thousand years.
