Other Words For Revenue On Balance Sheet
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Total accounts receivable minus an estimate for uncollectables.
Other words for revenue on balance sheet. The balance sheet also shows the owner s equity for example it shows the value of the stock and the number of shares outstanding. In other words the revenue or sale is. The balance sheet is also used by the government agencies to make sure that the business is complying with the set laws. When a company earns revenue that had been prepaid by a customer the company s balance sheet s liability deferred revenue.
Deferred revenue is listed as a liability on the balance sheet because under accrual accounting the revenue recognition process has not been completed. An income statement or profit and loss statement shows how your revenue compares to your expenses during a given period such as a month or a year the top section lists all of your sources of incoming revenue such as wholesale and retail sales or income from interest earned or rent paid. Stocks bonds and other investments that have enough demand to be converted to cash or sold quickly. If the payment terms allow credit to customers then revenue creates a corresponding amount of accounts receivable on the balance sheet.
Generally when a corporation earns revenue there is an increase in current assets cash or accounts receivable and an increase in the retained earnings component of stockholders equity. Effect of revenue on the balance sheet. Another word for balance sheet. Accounts receivable can be found on your balance sheet.
To consider one balance sheet example suppose your company s investments include 10 000 in stocks that you expect to sell within the year and 20 000 in stocks that you re holding for the long term. Synonyms for balance sheet include ledger account budget report annual report assets and liabilities accounts books financial statement and records. Statement report account budget ledger financial statement credits and debits sheet. What are synonyms for balance sheet.
Synonyms for balance sheet in free thesaurus. 7 synonyms for balance sheet. How does revenue affect the balance sheet. Antonyms for balance sheet.
Your sales revenue formula is more directly relevant to your income statement than to your balance sheet. For example you report stocks on the balance sheet at the current fair market value rather than how much you paid for them.
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