Why would adjustment be debit

Assignment Help Financial Accounting
Reference no: EM131876227

General Ledger entry for down payment on classes is entered as debit "cash" & credit "Unearned Revenue". When adjusting end of month, and classes still not taught, why would adjustment be debit "unearned revenue" and credit "service revenue" ?

Reference no: EM131876227

Questions Cloud

How is synthesizing different from writing a biblography : How is synthesizing different from writing an annotated bibliography?
How does google rank organic search results : How does Google rank organic search results? What elements are factored in this equation? Do some research on search engine optimization.
What constraints can organized labor impose on the choices : What constraints can organized labor impose on the strategic choices of an international business?
Despite some warnings that the trend will never take off : Google Glass has so appealed to consumers that they have competed to pay around $1,500, just to be able to among the first to try out the new technological.
Why would adjustment be debit : General Ledger entry for down payment on classes is entered as debit "cash" & credit "Unearned Revenue". When adjusting end of month
Describe the role of a 3pl : Describe the role of a 3PL and how it differs from or extends the traditional role of a transporter. What is the goal of a 3PL?
How do analytic techniques used in business : "The Golden Age of Sports Analytics" How do analytic techniques used in business apply to sports? Where are there gaps? What are interesting research problems.
What is the role of an auditor : What is the role of an Auditor (both internal and external) and List the steps of the accounting cycle and why is this important to the accounting profession
What is the difference between a password and a passphrase : What is the difference between a password and a passphrase? Why is it necessary to have a passphrase? What does this command do? ssh jupiter date \> .date.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd