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Companies earn revenues from the sale of goods or services to customers. Revenues normally are reported for goods or services. That have been sold to a customer whether or not they have yet been paid for. Retail stores such as Wal-Mart and McDonald s. ' Often receive cash at the time of sale. However when Maxidrive, sells its disk drives to Dell, and AppleIt receives a promise of future payment called an account receivable which later, is collected in cash. In, either case. The business recognizes total sales (cash and credit) as revenue for the period. Various terms are used in income statements. To describe different sources of revenue (e.g, provision of services sale of, goods rental of, property). Maxidrive lists. Only one sales revenue,,In its income statement.
.The income from the sale of goods or services to customers. Normal income will be reported for goods or services are sold to customers? They didn't receive the payment.But the shop sold in the contract payment in the future, which would later be called the debtor were collected in the form of cash. In both cases, businesses realize the total sales revenue (cash and credit card) for the period.(such as service,Selling goods for rent, property).
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