http://basiccollegeaccounting.com/accounting-treatment-of-revenues-received-in-advance/ Free Online Accountancy Tutorials For Colleges & Universities Tue, 06 Jan 2009 13:51:39 +0000 http://wordpress.org/?v=2.6.1 http://basiccollegeaccounting.com/accounting-treatment-of-revenues-received-in-advance/#comment-11767 Listing Of Some Adjustments To Final Accounts And Balance Sheet | Basic College Accounting.com Fri, 17 Oct 2008 03:44:41 +0000 http://basiccollegeaccounting.com/accounting-treatment-of-revenues-received-in-advance/#comment-11767 [...] Income received in Advance [...] [...] Income received in Advance [...]

]]> http://basiccollegeaccounting.com/accounting-treatment-of-revenues-received-in-advance/#comment-9733 slang Thu, 08 Nov 2007 03:15:13 +0000 http://basiccollegeaccounting.com/accounting-treatment-of-revenues-received-in-advance/#comment-9733 Like any matching concept, we only take the portion of revenues from the total revenues received in advance that has been realized either by actual workdone/specific performance or partial goods actually delivered.By doing so, we have the sales and paid accounts receivables for the computation of DSO. If you want to see more computation of DSO you can visit another of my accounting blog www.fmaccounting.com under the cash operating cycle,etc Like any matching concept, we only take the portion of revenues from the total revenues received in advance that has been realized either by actual workdone/specific performance or partial goods actually delivered.By doing so, we have the sales and paid accounts receivables for the computation of DSO.
If you want to see more computation of DSO you can visit another of my accounting blog http://www.fmaccounting.com under the cash operating cycle,etc

]]> http://basiccollegeaccounting.com/accounting-treatment-of-revenues-received-in-advance/#comment-9732 Clarissa Wed, 07 Nov 2007 17:35:25 +0000 http://basiccollegeaccounting.com/accounting-treatment-of-revenues-received-in-advance/#comment-9732 Do we consider these revenues received in advance when calculating the working capital needs? how? do we discount from accounts receivable to calculate the DSO? tks! Do we consider these revenues received in advance when calculating the working capital needs? how? do we discount from accounts receivable to calculate the DSO?
tks!

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