Service Revenue Debit Or Credit. The increase in the company's assets will be recorded with a debit of $900 to cash. The most common type of service revenue is revenue received in advance for future.
75% of deferred revenue recognized as real revenue = (0.75 * 300) = $225 debit to deferred revenue liability. The most common type of service revenue is revenue received in advance for future. That debit is reconciled with a $225 credit to revenues.
Service Revenue Debit Or Credit 1 Quick Tips For Service Revenue Debit
Debits (dr) record all of the money flowing into an account, while credits (cr) record all of the money flowing out of an account. Why is service revenue credited? Debits (dr) record all of the money flowing into an account, while credits (cr) record all of the money flowing out of an account. The increase in the company's assets will be recorded with a debit of $900 to cash.
