revenue在会计上的含义较严格,一般指企业的“营业收入”(“营收”),即企业产品和劳务的销售收入,以及利息、股利和租金等收入.在政府会计中,revenue指政府的各项税收收入,即“岁入”、“税收”.例如,美国政府岁入的主要来源是所得税和财产税等直接税,其次是货物税和营业税等间接税. 在“营业收入”这个概念上,incom...
When the business provides the good or service, the unearned revenue account is decreased with adebitand the revenue account is increased with acredit. If a business entered unearned revenue as an asset instead of a liability, then its total profit would be overstated in thisaccounting period. T...
Calculating Revenue The best way to calculate a company’s revenue during an accounting period (year, month, etc.) is to sum up the amounts earned (as opposed to the amounts of cash that were received). For example, if a new company sold $75,000 of goods in December but allows the...
Use of Revenue in Finance and Accounting Revenue is an important figure used in accounting, where it is calculated in a slightly different way than the everyday definition of revenue. In accounting, there is something called the “revenue recognition principle” which requires revenue to be acknowl...
Revenue is the amount earned from a company’s main operating activities, such as a retailer selling merchandise or a law firm providing legal services. Definition of Gain In accounting, a gain is the result of a peripheral activity, such as a retailer selling one of its old delivery trucks...
revenue在会计上的含义较严格，一般指企业的“营业收入”（“营收”），即企业产品和劳务的销售收入，以及利息、股利和租金等收入。在政府会计中，revenue指政府的各项税收收入，即“岁入”、“税收”。例如，美国政府岁入的主要来源是所得税和财产税等直接税，其次是货物税和营业税等间接税。在“营业...
accountthat increases total equity in the company. This means that the revenue account has a credit balance and is closed at the end of eachaccounting cycleto a permanent or balance sheet account. This makes sense because therevenue accountis supposed to record the income earned in the current...
To get an accurate revenue figure, you need to multiply the quantity of goods or services sold by their respective prices. This calculation gives you the total revenue generated from those sales. Let’s illustrate this with an example:
transactions. In one example, a company requires a customer to submit a partial payment because of highly specialized customized work. The company records that partial payment as an advance, and when all deliveries have been made, both debit and credit columns in a journal entry in accounting ...
Deferred revenue is an advance payment for products or services that are to be delivered or performed in the future.