The Bridge in Bridgehampton, N.Y., charged a whopping $750,000 to join, according to a 2007 Wall Street Journal article. Another Hamptons club, Sebonack Golf Club, billed new members for $650,000 when it opened in 2006, Bloomberg reported.
Hence, the revenue cycle actually consists of two major subsystems (assuming sales on credit basis): 1  the sales order processing system and. 2  the account receivable system.
Trending Now. Answers. Best Answer: No, it goes on the balance sheet as a liability. Then, as the income is earned, the liability is debited and revenue is credited. A good example of this is in the credit card industry. When you earn miles, a portion of the fees the receive from the transaction is designated as deferred revenue.