0
Can unearned fees be deposited in the business checking account?
Wiki User
∙ 15y ago
It depends
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
Unearned revenue account is classified as a?
Unearned revenue account is classified as current liability as it is the revenue not yet earned by business.
Can you deposit a business check to your personal account?
No, you cannot deposit a business check into a personal checking account. You can only deposit a check into an account that shares the same name, i.e. A check is made out to ABC company--it can only be deposited into an account that is titled ABC company. It cannot be deposited into a personal account--even if that is the personal account of the owner.
How is a business checking account different from a personal checking account?
A business checking account is different from a personal checking account by the minimum amount of desposit. You can read more at www.business.com › Directory › Financial Services › Banking
What kind of account is unearned revenue?
Unearned Revenue is a liability account.
Unearned revenue is a contra revenue account?
Unearned Revenue is a Liability Account
Unearned revenue account is classified as a?
Unearned revenue account is classified as current liability as it is the revenue not yet earned by business.
Diana has her paycheck deposited directly from her employers account into her checking account. This is an example of what?
Diana has her paycheck deposited directly from her employers account into her checking account. This is an example of what?
Can you deposit a business check to your personal account?
No, you cannot deposit a business check into a personal checking account. You can only deposit a check into an account that shares the same name, i.e. A check is made out to ABC company--it can only be deposited into an account that is titled ABC company. It cannot be deposited into a personal account--even if that is the personal account of the owner.
How is lottery money deposited into a checking account?
direct deposit
If you deposit a cashiers check to a friends checking account do they pay taxes the money is mine and 5 figures?
If the money that is being deposited into the checking account is a gift, then they do not pay taxes. However, if this is a business transaction, then they may have to pay taxes.
For a small business, what are the benefits of opening a business checking account rather than using a personal checking account?
There are several benefits from opening and maintaining a business checking account rather than using your personal checking account. When you use a business checking account you are segregating your business funds from your personal funds, thus creating better organization for your business. Also, having the business checking account will help at tax time because all your business transactions will be within the business checking account and there will be no need to sort through your personal transactions. Finally, the business checking account will allow you to use a taxpayer identification number (TIN) so the funds can legally be owned by your business, instead of using your social security number on the checking account. For a small business, opening a business checking account allows you to get more interests. In addition, transactions are processed faster compared to a personal account.
How is a business checking account different from a personal checking account?
A business checking account is different from a personal checking account by the minimum amount of desposit. You can read more at www.business.com › Directory › Financial Services › Banking
What kind of account is unearned revenue?
Unearned Revenue is a liability account.
How do i get my check directly deposited into my checking account instead of getting it in the mail?
my crrunt acuont
Unearned revenue is a contra revenue account?
Unearned Revenue is a Liability Account
What type of account is unearned revenue?
Unearned Service Revenue is a Liability account.
What online banking features allow business checking?
"All online banks allow business checking. Most accounts come with business checking, but if your account does not come with it you may request it for your account."
