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Module 1: Equilíbrio dia ajustes no diário geral e razão

Nota de Estudos
Study Reminders
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Set your study reminders

We will email you at these times to remind you to study.
  • Monday

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    7am

    +

    Tuesday

    -

    7am

    +

    Wednesday

    -

    7am

    +

    Thursday

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    7am

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    Friday

    -

    7am

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    Saturday

    -

    7am

    +

    Sunday

    -

    7am

    +

XSIQ
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Accounting - Prepaid revenue

Prepaid revenue

In this example, commission of $4000 has been received with $500 prepaid.

The prepaid revenue [1] is a current liability.

DATE
ACCOUNTS
DEBIT
CREDIT

Jan-Mar
Bank
4 000

Prepaid commission revenue

4 000

Commission received

31 Mar
Prepaid commission revenue
3 500

Commission revenue

3 500

Adjusting entry for commission revenue
received in advance

31 Mar
Commission revenue
3 500

Profit and loss a/c

3 500

Commission revenue posted to profit and loss a/c

31 Mar
Commission revenue
3 500
Jan.-Mar.
Bank
4 000

Balance
500

Balance
4 000
1 Apr.
Balance
4 000

31 May
Profit and Loss summary a/c
3 500
31 Mar.
Prepaid commission revenue
3 500

31 Mar.
Commission
revenue 3 500

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[1] http://alison.com/#