0
What else can I help you with?
What is revenue receipt?
It is revenue without any liability. Revenue receipts of government includes earning from tax incomes(like corporation tax, income tax, custom) and non tax income(like interest from bond, dividend from PSU). where as capital receipt include borrowing of the government like market loan and short term borrowing. The regular income from day to day business activities in a business is revenue receipts. For example,of revenue income are income for sales,interest,rent,commission,discount etc
Is unearned revenue recorded on the balance sheet or the income statement?
unearned income is to be shown as a liability in balance sheet until the commitment for such receipt is satisfied.
What is the journal for deferred income?
There are two sides to the entry, upon cash receipt you debit cash, credit deferred income. To apply the deferred income, the entry is debit deferred income and credit revenue.
What dies receipt of income mean in German?
receipt of income = Einkommensanzeige
What could be claimed as a tax deduction?
Alimony can be a one-time receipt or a periodic receipt or a combination of both. It is not specifically covered in 'income' as defined under the Income Tax Act, 1961 ('the Act') and there is no specific provision which governs its taxability. However, if alimony is paid on a monthly basis, it is treated as a revenue receipt and in certain countries it is deducted as tax.
What does revenue income mean?
Revenue is income that is basically income such as, income, income and more income. Do You Understand ?!
Accrued revenue is not collected and currently matched with expenses?
Cash receit is not important for any revenue to be matched in specific period it is the timing of actual expense or income which is matched and cash receipt and payment may be done at later time.
Examples of revenue income?
Give me a example of Revenue Income, pls?
Distinction of income taxs from revenue?
Revenue would be income. Income taxes would be a liability.
Where does rent revenue go on an income statement?
Rent revenue appears under the Non-Operating Revenue Section on the income statement.
Where does other or rent revenue go on the income statement?
Other or rent revenue is also revenue which is not from basic operations of business that's why this revenue is shown as other revenue in income statement.
What is the revenue-net income?
Net income equals revenue minus expenses minus taxes So, revenue minus net income equals expenses plus taxes
