Answered: Why wouldn't a service business have a…

Why wouldn't a service business have a "Sales revenue" account? They are just selling their services instead of goods, right?

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter21: Variable Costing For Management analysis

Section: Chapter Questions

Problem 9DQ: Explain why rewarding sales personnel on the basis of total sales might not be in the best interests...

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

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Why wouldn't a service business have a "Sales revenue" account? They are just selling their services instead of goods, right?

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DIFFERENCE BETWEEN REVENUE FROM SELLING GOODS AND RENDERING SERVICE

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