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To: Northern Marlin who wrote (6468)2/9/2001 3:50:53 PM
From: JakeStraw  Read Replies (1) | Respond to of 10934
 
>>Over the life of the leases payments will be subtracted from the Deferred Revenue account and added to the Sales account

Yes. The Deferred Revenue account would be debited and Revenue will be credited.



To: Northern Marlin who wrote (6468)2/9/2001 3:54:38 PM
From: DownSouth  Read Replies (1) | Respond to of 10934
 
PCJ, the Deferred Revenue is from leasing and also from maintenance contracts, where revenue is recognized as it is billed on a monthly basis, though contracted on an annual basis. That was discussed in the cc.


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