Waste Management Holdings Process Associate Interview Questions and Answers

Deferred revenue is a liability account that represents revenue that has been received but not yet earned.

• Deferred revenue is also known as unearned revenue.

• It is common in subscription-based businesses where customers pay in advance for services.

• The revenue is recognized as earned revenue over time as the services are provided.

• Deferred revenue is reported on the balance sheet as a liability until it is earned.

• Examples...read more

Yes, I am flexible for night shift.

• I have previous experience working night shifts

• I am willing to adjust my schedule to accommodate night shifts

• I understand the importance of being available for work during non-traditional hours

The journal entry for sales involves debiting the accounts receivable or cash account and crediting the sales revenue account.

• Debit accounts receivable or cash account

• Credit sales revenue account

• Example: Debit Accounts Receivable $10,000, Credit Sales Revenue $10,000

• Example: Debit Cash $5,000, Credit Sales Revenue $5,000