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Is a net difference in accounts receivable included in fees earned on an income statement?


I have fees earnd on the transaction statement for the month of $2000 at month end. I also have a difference of $100 from receipts and sales for the month. On the income statement do I include both
the fees earned under owners equity and the difference from the A/R as part of my fees earned?

538 day(s) ago

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mikebadj 		You're talking about amounts that appear in the income statment portion

It would not be proper to post anything to owners equity of this nature -

The adjustment for the $100 pertains to sales - not equity - reduce your
sales for the month by that amount.

Posted 538 days ago

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Question Title Is a net difference in accounts receivable included in fees earned on an income statement?
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