Episode Synopsis "Unearned Revenue (Prepaid Revenue)"

Accounting for Unearned or Prepaid Revenue.

Listen "Unearned Revenue (Prepaid Revenue)"

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• Credit interview
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• Accounting equation: receipt from accounts receivable including discount
• Accounting equation: receipt from accounts receivable
• Accounting equation: credit sale
• Accounts Payable Statements
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• Credit transactions and the reports
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• Why is Discount Revenue revenue?
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• Receipt from Accounts Receivable including discount
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• Disadvantages in offering credit
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• Credit Checks or Debtor Screening