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Where does unearned service revenue go on a multiple step income statement?
unearned service revenue is on the balance sheet not the income statement so the answer is nowhere. service revenue is on the income statement under revenues.
Where is i reported in the financial statements?
Need more clarification: i = interest? (if expense: shown in income statement, under expenses. if revenue: shown in income statement, under revenues) i = investment? (is an asset, showin in the asset section of the balance sheet) i = income? ( shown in the income statement)
Does rent revenue go on a balance sheet or income statement?
If Rent Revenue is shown in income statement but if that revenue is still receivable in accrual accounting system then it will shown under balance sheet at asset side as well.
What type of revenue is reported in the other income section of the multiple step income statement?
unearned service revenue is on the balance sheet not the income statement so the answer is nowhere. service revenue is on the income statement under revenues. unearned service revenue is on the balance sheet not the income statement so the answer is nowhere. service revenue is on the income statement under revenues Looking after a customer, particularly a customer who places allot of business with you so that you keep and grow that business and the relationship you have with the customer (to stop them going
Does equipemnt go on the income statement?
No, the income statement is for revenue and expenses only. Equipment will go on your balance sheet with your assets.
What goes on income statement and what goes on balance sheet?
expenditures and revenue go to income statement while assets, liabilities and capital go to the balance sheet.
What account do earned revenue go in on a balance sheet?
Earned revenue is part of income statement and it is not shown under balance sheet.
Does unearned revenue go in the income statement?
No, it goes on the balance sheet as a liability.
Should investments be listed under expense or revenue in an income statement?
The money that you invest should be counted as an expense. The income from your investment would be considered revenue.
Does investements go on income statement?
Investment is that amount which invested company in other companies for the purpose of earning interest revenue and that’s why it is asset of business for future generation of revenue and that’ s why it is shown under assets side of balance sheet and are not part of income statement.
How can one determine revenue from a balance sheet?
To determine revenue from a balance sheet, look for the income statement or profit and loss statement. Revenue is typically listed as the top line item on the income statement, showing the total amount of money earned from sales or services during a specific period.
Is revenue a balance sheet account?
Revenue is not part of balance sheet rather it is part of income statement as it is the amount earned by selling goods or services.
