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USTaxAdvising, CPA
Category: Tax
Satisfied Customers: 1237
Experience:  US Taxation specialist.
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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,