Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   Revenue and expenses (https://www.askmehelpdesk.com/showthread.php?t=255077)

  • Aug 31, 2008, 02:51 PM
    lei_yam
    Revenue and expenses
    Cash receipts from customers is 152,000 in 2005
    Cash payments for operating expenses were 97,000
    jan.01 accounts receivable was 13,000 and prepaid expenses was 17,500
    dec.31 account receivable was 18,600 and prepaid expenses was 23,200.
    What is the service revenue and operating expenses?
    Please help me!
  • Aug 31, 2008, 07:13 PM
    MLSNC
    Revenue = 157,600 (Subtract last yrs. a/r and add the current yr)

    Expenses = 91,300 (add last yrs prepaid and deduct current yr)

    Always check the math
  • Sep 1, 2008, 06:31 AM
    lei_yam
    Thank you so much...

  • All times are GMT -7. The time now is 05:37 PM.