๐๐ง๐๐๐ซ๐ง๐๐ ๐๐๐ฏ๐๐ง๐ฎ๐: ๐๐ก๐๐ง ๐๐ญ ๐๐๐๐จ๐ฆ๐ ๐๐๐ซ๐ง๐๐?
The questions like what is unearned revenue? How to calculate it and recognize it? When is it transferred from the balance sheet to the income statement? All these questions are addressed here just read ahead! What Is Unearned Revenue? Unearned revenue can also be called deferred revenue. It is the revenue that a company receives …
๐๐จ๐ฐ ๐ญ๐จ ๐๐ซ๐๐ฉ๐๐ซ๐ ๐๐จ๐ง๐ญ๐ซ๐จ๐ฅ ๐๐๐๐จ๐ฎ๐ง๐ญ? ๐๐ฑ๐๐ฆ๐ฉ๐ฅ๐ ๐๐ง๐ ๐ ๐จ๐ซ๐ฆ๐๐ญ
How does the control account work? And which accounts does it adjust or control particularly? Here are answers to these simple yet thought-provoking questions. Letโs have a look at the simple explanation given below. What Is Control Account? A control account works as an adjusting and controlling account that summarizes and sums up balances of …
๐๐๐๐๐ซ๐ซ๐๐ ๐๐๐ฏ๐๐ง๐ฎ๐: ๐๐ซ๐๐๐ญ๐๐ ๐๐ฌ ๐ ๐๐ข๐๐๐ข๐ฅ๐ข๐ญ๐ฒ ๐๐ซ ๐๐๐ฏ๐๐ง๐ฎ๐?
Have you ever got payment for something before delivering services? Or have an online shopping experience? If yes, then you must have heard of advance payments. Similarly, deferred revenue is advance payments that you receive earlier before making delivery of products or services. Curious to learn about deferred revenue and how you can recognize and differentiate …
๐๐จ๐ง๐ญ๐ซ๐ ๐๐ฌ๐ฌ๐๐ญ ๐๐ฌ ๐๐จ๐ง๐ญ๐ซ๐ ๐๐๐ฏ๐๐ง๐ฎ๐- ๐๐จ๐ฐ ๐๐จ ๐๐ก๐๐ฒ ๐๐ข๐๐๐๐ซ?
Contra Asset vs Contra Revenueโฆ. If you are wondering what is the difference between a contra asset account and a contra revenue account? All your queries are going to be gone away. Just read ahead! Contra means the opposite. A contra account is an account that has an opposite balance to the associated account. In …
