Internet Connection Revenue & Receivable Journal Entry
What Does Internet Connection Revenue / Accrued Internet Connection Revenue Mean In Accounting? I nternet Connection Revenue is a Revenue received by the internet service providing company from clients against the internet connection facilities provided to them for the accounting period. It is recorded in Income Statement or Statement of Comprehensive Income or Profit and Loss Account on Income Side. For i nternet service providi n g compa ny, the internet connection revenue is created as it provides internet services to clients and received a fees. Following journal entry is recorded w he n we received it from clients for cas h / b a nk: Cas h a/c / B a nk a/c XXX ...