Revenue Related Posts
What is Revenue From Operations?
Revenue From Operations
Revenue from operations or operating revenue can be defined as the income generated by an entity from its daily core business operations....
What is Income Received in Advance?
Income Received in Advance
Sometimes earned revenue that belongs to a future accounting period is received in the current accounting period, such income is considered...
What is a Credit Note?
Credit Note
When a customer returns goods purchased on credit he/she also expects some form of confirmation from the seller along with the cancellation of...
What is Accrued Income?
Accrued Income
Also known as outstanding income, accrued income is the income which has been earned during a particular accounting period, however, the related funds...
What is a Debit Note?
Debit Note
A debit note also known as a debit memo is a document sent by the seller to the buyer informing about the current...
What is Accounts Receivable and its Journal Entries?
Accounts Receivable - Definition
The customer accounts (debtors) who owe money to a business for purchasing goods on credit are called accounts receivable. When the...