answersLogoWhite

0

What else can I help you with?

Related Questions

Are revenue and expense accounts real accounts?

No real accounts are for business possessions like assets and stock revenue and expense items are recorded in the nominal also named the general ledger. Personal accounts are for debtors and creditors accounts.


What is the dominant form of business organization in terms of revenue and net income business?

Sole proprietors


What would the journal entry if revenue earned by the business during the year?

debit cash / bank / accounts receivablecredit revenue account


In terms of percentage of sales revenue which type of business is the largest?

Corporations make up about 84% of sales revenue


How can one get business banking accounts?

One can get business banking accounts by using their business. This seems logical, but it is not as easy as it sounds. One should establish at a minimum an limited liability company and register their business with the Internal Revenue Service. The Internal Revenue Service will give you a tax identification number which is used to open up a business banking account.


Is Revenue accounts increase by credit or debit?

revenue accounts increase by credit


Is rent revenue an asset account?

No, rent revenue is not an asset account; it is classified as a revenue account. Revenue accounts reflect earnings generated from business activities, such as rent collected from tenants. In contrast, asset accounts represent resources owned by a company that have economic value. While rent revenue contributes to a company's overall financial position, it does not meet the criteria of an asset.


In terms of revenue what are some of the largest cable manufacturers?

In terms of revenue the strongest and largest well-received and innovative cable manufacturers are the very best and most advanced in the business like Sky Cable.


Are revenue accounts increased by credits?

Revenue accounts have credit balance as a normal balance so credit is the way to increase the revenue account.


What is the US government's largest source of revenue?

Taxes on business gross profits, and on personal gross earnings.


Is service revenue a revenue account?

Yes, it is, but accounts receivable is not.


The largest source of revenue in Hawaii?

Tourism is the largest revenue in Hawaii!!!