Posted On: 08/03/2016 7:15:32 PM
Post# of 8802
I find it hilarious that the brain trusts over on scrubhub are saying that revenues are not an asset.
When revenues are earned the offsetting entry is to cash or A/R. I would say that any moron can tell you that Cash or A/R are balance sheet items and are therefore Assets but those guys are morons and they still don't know.
Sometimes I feel bad for bashing them but then I realize what a pain in the ass they are and that they deserve it.
And Integral wonders why I am laughing all the time...
When revenues are earned the offsetting entry is to cash or A/R. I would say that any moron can tell you that Cash or A/R are balance sheet items and are therefore Assets but those guys are morons and they still don't know.
Sometimes I feel bad for bashing them but then I realize what a pain in the ass they are and that they deserve it.
And Integral wonders why I am laughing all the time...
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