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Determine which accounts that have relations with revenues

Determine which accounts that have relations with revenues
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Answer #1

Some of the accounts which are related to the revenue are

1) Sales account - This account consists of all the sales whether it is credit or cash sales which are made by the company during its operation.

2) Service Revenue - This account consists of any services which is provided by the company in its normal operation.

3) Interest income - This account consists of any interest income which is earned for any loan given to the other party for any bank interest.

4) Fees earned - This account consists of any fees which is charged by the company in its normal operation for example if the company is in legal and professional business that for any fees charged by them will be considered as fees earned.

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