Balance Sheet question

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armado

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I have a line entry item titled "Total Sales Revenue". Does this get entered in the Balance Sheet and if so is it under assets?

or does it get entered in the Income statement?

Sorry, I am taking an accountancy class and my financial knowledge is zero.
 
bklynboy

bklynboy

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Its income statement. Sales revenue is part of the P&L and not an asset (the cash received from the sale is the asset).
 
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