𝗔𝗰𝗰𝗿𝘂𝗲𝗱 𝗥𝗲𝘃𝗲𝗻𝘂𝗲: 𝗜𝘀 𝗜𝘁 𝗔𝐧 𝗔𝗰𝘁𝘂𝗮𝗹 𝗥𝗲𝘃𝗲𝗻𝘂𝗲?
When a company provides its services or delivers its goods before the payment is received is called accrued revenue.
𝐔𝐧𝐞𝐚𝐫𝐧𝐞𝐝 𝐑𝐞𝐯𝐞𝐧𝐮𝐞: 𝐖𝐡𝐞𝐧 𝐈𝐭 𝐁𝐞𝐜𝐨𝐦𝐞 𝐄𝐚𝐫𝐧𝐞𝐝?
The questions like what is unearned revenue? How to calculate it and recognize it? When is it transferred from the
𝐋𝐞𝐚𝐫𝐧 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐑𝐞𝐜𝐨𝐠𝐧𝐢𝐭𝐢𝐨𝐧 𝐏𝐫𝐢𝐧𝐜𝐢𝐩𝐥𝐞 𝐈𝐧 𝟒 𝐌𝐢𝐧𝐮𝐭𝐞𝐬
Under the revenue recognition principle, revenue is recognized when it’s earned, not when cash is received.
𝐋𝐞𝐚𝐫𝐧 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐑𝐞𝐜𝐨𝐠𝐧𝐢𝐭𝐢𝐨𝐧 𝐏𝐫𝐢𝐧𝐜𝐢𝐩𝐥𝐞 𝐈𝐧 𝟒 𝐌𝐢𝐧𝐮𝐭𝐞𝐬 Read More »
𝐃𝐞𝐟𝐞𝐫𝐫𝐞𝐝 𝐑𝐞𝐯𝐞𝐧𝐮𝐞: 𝐓𝐫𝐞𝐚𝐭𝐞𝐝 𝐀𝐬 𝐀 𝐋𝐢𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐎𝐫 𝐑𝐞𝐯𝐞𝐧𝐮𝐞?
Have you ever got payment for something before delivering services? Or have an online shopping experience? If yes, then you
𝐃𝐞𝐟𝐞𝐫𝐫𝐞𝐝 𝐑𝐞𝐯𝐞𝐧𝐮𝐞: 𝐓𝐫𝐞𝐚𝐭𝐞𝐝 𝐀𝐬 𝐀 𝐋𝐢𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐎𝐫 𝐑𝐞𝐯𝐞𝐧𝐮𝐞? Read More »