Tag Archives for " unearned revenue "

Revenue Recognition

When to Recognize Revenue Revenue recognition is one of the most important concepts in accounting. Deciding when to record revenue and expenses can have a huge impact on the financial statements. Incorrectly

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Adjusting Journal Entries

What are adjusting journal entries? The matching principle states expenses must be matched with the revenue generated during the period. The purpose of adjusting entries is to ensure that all revenue and

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