Balance Sheet Definition & Example

Content Who Analyzes Balance Sheets And Why? Cash Formula Used For A Balance Sheet Considerations Account Balance Sheet Example This account includes the balance of all sales revenue still on credit, net of any allowances for doubtful accounts . As companies recover accounts receivables, this account decreases, and cash increases by the same amount. The […]

What is Unearned Revenue?

What is Unearned Revenue? Customers often receive discounts for paying in advance for goods or services. Unearned revenue is an important concept in accounting bookkeeping because the company cannot recognize the revenue until it provides the good or service to the customer who paid for it. If a business entered unearned revenue as an asset […]