The next transaction figure of $300 is added on the credit side. The record is placed on the credit side of the Service Revenue T-account underneath the January 17 record. In the journal entry, Accounts Receivable has a debit of $5,500. This is posted to the Accounts Receivable T-account on the debit side. This is …
Which accounts normally have debit balances? Accounting Services Read More »
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Business drivers are the key inputs and activities that drive the operational and financial results of a business. Common examples of business drivers are salespeople, number of stores, website traffic, number and price of products sold, units of production, etc. In order to make internal choices about business strategy or build a financial model to …