Bookkeeping | Categories | A Step Above Tax and Accounting | Tax Preparation and Accounting Service

The positive and negative signs seem backwards to me. How are they used?

The revenues are reported with their natural sign as a negative, which indicates a credit. Expenses are reported with their natural sign as unsigned (positive), which indicates a debit. This is routine accounting procedure. If you focus on the $Variance column on the Cost Center or WBS Element Revenue & Expense Summary, an unsigned (positive) […]

Disclaimer

We are providing these links to other web sites strictly as a courtesy. When you link to any of the web sites listed here, you are leaving this web site. We make no representations as to the completeness or accuracy of the information provided at these websites, nor do we approve or endorse the content at any of these web sites. This firm is not liable for any direct or indirect consequences arising out of your access to or use of third party websites or information made available through this web site. When you access one of these websites, you assume complete responsibility and risk for your use of that web site and its contents.