Accounting
Accounting
Accounting
1) prepaid expenses
2) prepaid revenue
3) accrued expenses
4) accrued revenue
Brief exercises
Exercises
4.3
4.5
4.7A
"fee earned" and "fee revenue / fee revenue earned" are the same thing??
And please differentiate b/w unearned fee revenue, unearned fees and unearned revenue.
Fee earned maybe used in transactions where the cash has already been received but the services are
provided later and hence the fee becomes earned.
Fee revenue earned is used in transactions where the services have been provided in advance and the
cash is still not received. In this case, the fee becomes revenue earned because in journal, we will post
an entry as Account receivables to fee revenue earned.
Chapter 5
5.5A
5.8
Chapter 7
Chapter 9
Brief exercises
Exercises
Chapter 8
BE : 1, 2,3
Ex: 2 , 7
A: 1,2,3 ,5
B: 1, 2,3,5
Chapter 10
Breif exercises
Exercises
Chapter 13