By making this journal entry, the company recognizes $6,000 of the prepayment as earned revenue and decreases the unearned revenue account by the same amount. The revenue recognition principle dictates that revenue should be recognized when it is earned, regardless of when payment is received.…
Month: December 2022
What's Alpha Testing And Why Is It Important? Dev Community
During this kind of testing, inner testers examine for bugs and different high quality issues. It’s designed to refine software program products by discovering and fixing bugs that have escaped discover during What is alpha test earlier exams. Alpha testing is important for figuring out…