Does the balance in the estimated revenues account represent an asset? Why or why not?

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Introduction to Governmental and Not for Profit Accounting

ISBN: 978-0132776011

7th edition

Authors: Martin Ives, Terry K. Patton, Suesan R. Patton

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Question Posted: Jun 05, 2015 09:58 AM

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Does the balance in the estimated revenues account represent an asset? Why or why not?

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The revenue account is an equity account with a credit bal...View the full answer

Introduction to Governmental and Not for Profit Accounting

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