Accounting for Unearned Revenue – Explained

Revenues refer to any income earned by a company or business. For most companies, revenues come as a result of selling products or services. However, sometimes companies may also transfer goods and not receive funds for it but still need to record their revenue. On...

Accrued Revenue Journal Entry – Explained

Revenues are one of the top indicators of a company’s performance. The higher the revenues of a company are, the higher its profits will be as well. However, higher-income doesn’t always mean higher cash flows. Its mainly due to some companies making sales...