Unearned revenue is also referred to as deferred revenue and advance payments. Sierra and the league have worked out credit terms and a discount agreement. As such, the league can delay cash payment for ten days and receive a discount, or for thirty days with no discount assessed. Income statement Since unearned revenue represents a Leer másUnearned Revenue: Decoding Its Significance in Business Accounting[…]

Let’s take a look at the formation of a company to illustrate how the accounting equation works in a business situation. This number is the sum of total earnings that were not paid to shareholders as dividends. It can be what happens if you overpay your credit card defined as the total number of dollars that a company Leer másFormula Example Concept[…]