accrued income???

Posted by Lauraoneill PM | on Sun, 10/06/2012 - 19:59 2359 18 comments | report

if you sold a subscription for £5000 for a year and you were due to have it paid in 10 instalments across the year.... how would you account for it? what would the journal entries be?

Comments

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Two steps

BKD | Sun, 10/06/2012 - 21:51

Not accrued income

petersaxton | Sun, 10/06/2012 - 22:00

so if i pick round amounts

Lauraoneill | Sun, 10/06/2012 - 22:23

That's wrong

petersaxton | Sun, 10/06/2012 - 22:33

Is it classed as deferred

Lauraoneill | Sun, 10/06/2012 - 22:38

Answers

petersaxton | Sun, 10/06/2012 - 23:09

So why in this instance do

Lauraoneill | Mon, 11/06/2012 - 08:03

Apologies

BKD | Mon, 11/06/2012 - 08:30

petersaxton | Mon, 11/06/2012 - 08:24

not to worry its making more

Lauraoneill | Mon, 11/06/2012 - 08:25

sorry i wasnt refering to an answer you had given

Lauraoneill | Mon, 11/06/2012 - 08:33

I don't think that's right

BKD | Mon, 11/06/2012 - 08:35

Accrued income

BKD | Mon, 11/06/2012 - 08:37

Never copy and paste!

petersaxton | Mon, 11/06/2012 - 08:43

Don't worry Laura ...

Steve Holloway | Mon, 11/06/2012 - 10:05

One client

petersaxton | Mon, 11/06/2012 - 10:29

Thin Capitalisation

Tom 7000 | Fri, 15/06/2012 - 11:09

Hmm

petestar1969 | Thu, 21/06/2012 - 08:51