The revenues from computer repair and maintenance services are typically reflect in the balance sheet draft as follows:
1. Income/Sales:
The revenues generated from providing computer repair and maintenance services can record as income or sales on the balance sheet.
This is usually categorize under the “”Revenue”” or “”Income”” section of the balance sheet. It represents the total amount earned from clients or customers for the services rendered.
2. Accounts Receivable:
If the services have been provide but the payment hasn’t been received yet, the corresponding amount can liste under “”Accounts Receivable”” or “”Trade Receivables.
“” This represents the money that can owed to the business by clients or customers for the computer repair and maintenance services provided.
3. Unearned Revenue:
In cases where advance payments have been receive from clients for services that haven’t been provided yet, the amount is recognize as “”Unearned Revenue”” or “”Advance from Customers.””
This liability indicates that the services still need to be fulfil, and the corresponding revenue will be recognized once the services are completed.
In summary, revenues from computer repair and maintenance services are reflect in the balance sheet draft through the “”Income/Sales”” section, “”Accounts Receivable””.
If payments are pending, and “”Unearned Revenue”” if advance payments have been received for services yet to be rendered.
These elements together provide a snapshot of the financial position of the business in relation to its service-related income.
To visit: https://www.mca.gov.in/
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