ATAR Notes: Forum

VCE Stuff => VCE Business Studies => VCE Subjects + Help => VCE Accounting => Topic started by: angryusb on August 12, 2012, 11:23:18 pm

Title: Prepaid Revenue
Post by: angryusb on August 12, 2012, 11:23:18 pm

What's the difference between 'Prepaid Revenue' and 'Prepaid SALES Revenue'?
My textbook talks about both, but I'm not sure if they're the same thing or just different.

some help would be noiice!

Title: Re: Prepaid Revenue
Post by: BoredSatan on August 13, 2012, 12:27:27 am

Prepaid Revenue refers to money you receive for services other than sales eg. Rent, Advertising etc

Prepaid Sales Revenue refers to deposits you receive for goods that you will provide in the future, therefore resulting in a future sale of stock

Title: Re: Prepaid Revenue
Post by: angryusb on August 13, 2012, 11:44:45 am

Ohhhhhh righht, thanks for that! :)