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qaws [65]
3 years ago
5

Revenue of $1,000 was collected in advance from customers for goods and was recorded as sales revenue. At year end, $600 of the

revenue collected in advance is earned. The adjusting entry includes a:
Business
1 answer:
Greeley [361]3 years ago
7 0

Answer:

Please see below

Explanation:

The adjusting entries include

Revenue A/c. Dr. $400

To Deferred revenue A/c. Cr $400

($1,000 - $600)

* When a company makes a journal entry to record revenue that it had previously collected in advance, which was recorded as sales revenue, then the adjusting entry to record portion of the earned revenue received in advance would include a debit to revenue a/c

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Rossiter Restaurants is analyzing a project that requires $180,000 of fixed assets. When the project ends, those assets are expe
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Cash in-flow in the last year.

Explanation:

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2 years ago
Mr. and Mrs. Smith were interested in purchasing a vacant lot. However, they first wanted the property surveyed. When the survey
Ber [7]

Answer:

Benchmark.

Explanation:

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8 0
3 years ago
Government company meaning
denis23 [38]

Answer:

A government company is a company registered under the Indian Companies Act in which not less than 51% of paid up share capital is held by the central government or any state government or partly by central government partly by one or more state governments.

Explanation:

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True

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3 years ago
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