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year : 2021 4 results

Deferred revenue: Is it a liability & how to account for it?

 This occurs when a company receives payment for goods or services that it hasn’t yet provided to the customer. Instead, the company recognizes the revenue over time as the goods or services are delivered or completed. In accrual accounting, you can have deferred revenue when you receive ...
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Learn to become a modern Java developer

 Every employer looks for a programmer who has the skills to present quality work in a short period. A developer deals with a huge set of data every day from different codes to modified versions. Therefore, proficiency in version control software like Git, BeanStalk, etc will help you a lot in ...
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Debits vs Credits: Understanding Accounting Entries

 One common example of a contra account is the accumulated depreciation account. This account is used to offset the value of an organization’s fixed assets. The accumulated depreciation account is used to reflect this decrease in value. In a journal entry, you record the details of the transact...
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7 10 The Performance Report Managerial Accounting

 At the beginning of January, Amara generated the actual income statement showing the actual revenue earned and expenses incurred. The planning budget income statement and the actual income statement are provided in Exhibit 7-4. Vera, a self-trained chef, opened a new restaurant called Vera’s ...
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