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What else can I help you with?
How do you describe an angry person?
Here is a link to show you how to describe people. Surely you have been angry before and can describe that that is like!
Definition of a goods received note?
Goods received note is a document that records to conform that all goods have been received by the customer.
What is the word to describe a word that is incorrectly used?
Improper is a word that is usually used to describe a word that has been incorrectly used.
What does photoshopped mean?
It is a word to describe a picture that has been modified in Photoshop in some way.
What is a jilted woman?
A jilted woman is a woman that has been abandoned or rejected. This is a term commonly used to describe a bride that is left at the alter.
Accruals are needed when an unrecorded expense has been incurred or an unrecorded revenue has been earned?
true
Are Accruals needed when an unrecorded expense has been incurred or an unrecorded revenue has been earned.?
true
Adjustments for accruals are needed to record a revenue that has been earned or an expense that has been incurred but not recorded?
TRUE
What does revenues is not accrued mean?
Accrued revenue refers to revenue that has been incurred (earned) but not yet received.
How are liabilties unearned revenue?
Because it is revenue received but services or goods have not been provided to the customer yet.
What is difference betweenEarned revenue and unearned revenue?
Earned Revenue = The revenue benefits of which have been provided to customers Unearned Revenue = The amount of which is already received but the corresponding benefits or services have not yet been provided. Example: Amount received to provide repair services next month. So when next month services will be provided that unearned revenue become earned revenue.
What are deferred items?
Deferred items are those where money has either been paid out in advance of goods being received/work being done, or where money has been received in advance goods being sold/work being done. If the money has been paid out before receiving the goods or services, this is known as a deferral of expense. If the money has been received before it is earned, this is known as a deferral of revenue.
Are fees received but not yet earned an Accrued Revenue?
No, fees received but not yet earned are not classified as accrued revenue; they are considered unearned revenue or deferred revenue. Accrued revenue refers to income that has been earned but not yet received in cash or recorded. In contrast, unearned revenue represents cash received before the service is performed or the goods are delivered. Thus, these two concepts reflect different stages of the revenue recognition process.
What is unearned service revenue?
The revenue for which the services have been rendered but the return for the services i.e revenue, is yet to be received from the person to whom we have rendered the services is called unearned service revenue.
How do you calculate revenue and expense ratios?
You would take the total revenue and divide it by the total number of procedures that has been done within the given time frame. For cost ratio/expense you want to take the total expenses for one month and divide them by the number of procedures performed within that month.
When payment is received for services not yet rendered no entry is recorded until that service has been rendered?
When payment received without services: Debit Cash / bank Credit Unearned revenue When services rendered: Debit Unearned Revenue Credit Services revenue
When a product or service is delivered for which a customer advance has been previously received what is the appropriate journal entry?
[Debit] Unearned revenue [Credit] Sales revenue
