How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask USTaxAdvising Your Own Question
USTaxAdvising
USTaxAdvising, CPA
Category: Tax
Satisfied Customers: 1237
Experience:  US Taxation specialist.
58296935
Type Your Tax Question Here...
USTaxAdvising is online now
A new question is answered every 9 seconds

What is the offset decrease in Asset Account Revenues in

Customer Question

What is the offset for a decrease in Asset Account Revenues in Excess of Billing
Submitted: 1 year ago.
Category: Tax
Expert:  USTaxAdvising replied 1 year ago.

I am thinking this is a type of Accounts Receivable account correct? If yes, and the AR account is decreasing then the contra account (i.e "offset") would be to debit cash.

Let me know if you still have further doubt and I will get back to you as soon as I can.

Best regards,

Related Tax Questions