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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 is the entry for deferred revenue?
dr Bank/Accounts Receiveable (A) xxx cr Deferred Revenue (L) xxx
What is the journal entry for prepaid revenue?
prepaid revenue is debited and revenue is credited
What is journal entry for Accrued Revenue?
Accrued Revenue is a term that I rarely see, though it is an Asset and should be treated as such. Accrued Revenue would be treated similar to an Account Receivable. The Journal Entry would be a Debit to Accrued Revenue and a Credit to Revenue.
Accounting entry for deferred revenue expenditure?
P&L A/C......Dr To Deffered revenue Expendature A/C
Deferred revenue is revenue that is?
Deferred.
What is the journal entry?
Debit accounts receivableCredit sales revenue
Journal entry for revenue received from professional fees?
debit cashcredit professional fee revenue
What does the journal entry to close revenue accounts involves?
Debit revenue accountCredit income statement
What is the journal entry for net income?
No journal entry for net income it is the difference between total expenses and total revenue and it is the balancing figure
What is the journal entry for cash sales?
debit cashcredit sales revenue
What is the debtor journal entry?
Debit accounts receivableCredit sales revenue
