What Is Revenue Balance
A business will need to record unearned revenue in its accounting journals and balance sheet when a customer has paid in advance for a good or Hence, $ 1000 of unearned income will be recognized as service revenue.Service revenue will, in turn, affect the Profit and Loss Account in the Shareholders Equity
Total revenue is revenue from all sources, both operating and non-operating, for which a business has a source document, usually a cash Definition of Revenue Expenditure. A revenue expenditure is a cost that will be an expense in the accounting period when the expenditure takes place.
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