Ask Experts Questions for FREE Help !
Ask
    rstadlmeir's Avatar
    rstadlmeir Posts: 1, Reputation: 1
    New Member
     
    #1

    Jul 6, 2009, 08:36 AM
    Expense vs Revenue
    I invoiced premium and commission on several invoices. The company paid the premium and kept their commission. To reduce this expense, I now need to reduce the premium that I billed (revenue), correct?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
     
    #2

    Jul 7, 2009, 03:22 AM

    I don't understand the situation. Could you please be more specific?

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

About record revenue and expense [ 1 Answers ]

Methods To Record Revenue And Expenses

Imp Revenue and Expense Recognition [ 2 Answers ]

HELP ME WITH THIS... Revenue should be included in the income statement in the period in which a. it is collected. b. it is earned. c. the related expense is paid. d. total revenues first exceed total expenses for a given transaction. e. it is subject to tax.


View more questions Search