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What else can I help you with?
Where do tax bill originate?
In the House of Representatives.
What is the journal entry for billed customers for services?
The journal entry for billing customers for services involves debiting Accounts Receivable and crediting Service Revenue. For example, if a company bills customers $1,000 for services rendered, the entry would be: Debit Accounts Receivable $1,000 and Credit Service Revenue $1,000. This entry recognizes the revenue earned and the amount owed by customers.
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
Who can initiate bills for raising revenue?
Article 1, section 7 of US Constitution states that bill for raising revenue are initiated by the House of Representatives
Who originates revenue bills?
The House of Representatives is the one that originated the revenue bills. The Senate may agree or propose the revenue bills.
What are money (revenue) bills?
Revenue bills. They concern both revenue (taxes) and expenditures (appropriations).
Can both the senate and the house of representatives initiate money bills?
no only the House may initiate money bills
Which of these powers of the President is not in the Constitution issue pardons execute laws initiate laws or bills make treaties?
The president does not have constitutional power to initiate laws or bills.
Who start revenue bills?
Revenue bills must start in the House of Representatives (not the Senate).
What are bills concerning money called?
Revenue bills. They concern both revenue (taxes) and expenditures (appropriations).
What does the senate do that the house cannot?
The House of Representatives initiates bills for raising revenue and all impeachment proceedings. The Senate is not permitted to do either. In the matter of revenue bills, it may make changes in bills raised and passed in the House and send them back to the House for re-consideration, but these changes are more like suggestions. The Senate may not initiate impeachment proceedings, but it serves as the jury for the trial of the person who has been impeached.
Who passes revenue bills?
a revenue bill is passed by the president
Which house of congress has the right to initiate legislation?
Either house can initiate most legislation, but only the House of Representatives can initiate legislation for generating revenue.
Are revenue bills tax bills for raising money?
yes
What are the bills for raising money for the federal government called?
Revenue Bills or Tax Bills
