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What else can I help you with?
What is net income?
Net income is your revenues minus your expenses. For example, if a store had $100,000 in sales, but their expenses for rent, employees, supplies, etc is $60,000 then they had a net income of $40,000.
Can you provide proof of savings for rent?
Yes, I can provide bank statements or a letter from my employer showing my income and ability to pay rent.
What are the examples of assets liabilities revenues and expenses?
Assets include resources like cash, inventory, and property. Liabilities encompass obligations such as loans, accounts payable, and mortgages. Revenues are generated from sales, service fees, and interest income, while expenses cover costs like salaries, rent, and utilities. Together, these elements form the foundation of a company's financial statements.
Where do rent received go in the income statement?
If rent received is of this financial year it enters in the I/S under Revenues. If it is prepaid, the amount prepaid is deducted and entered in the SOFP under Current Liabilities as Prepaid Rent Receivable
What is journal entry rent income accured?
[Debit] rent income receivable [Credit] rent income
Pa rent rebate will be distributed by?
The PA rent rebate will be distributed by the Pennsylvania Department of Revenue. Eligible residents can apply for the rebate, which is based on their income and rent paid. The program is designed to assist low-income renters and is typically funded through state lottery revenues. Payments are issued directly to qualifying applicants, often in the form of checks.
What is the journal entry of rent income?
rent due to landlord
Where can I find operating expenses on financial statements?
Operating expenses can be found on the income statement of a company's financial statements. They represent the costs incurred by a business in its day-to-day operations, such as salaries, rent, utilities, and supplies.
What is a financial record?
It is a record of the expenses and income that comes with running a farm. Rent, veterinary bills, machinery repair costs, grain/livestock sales, equipment depreciation, income taxes, labour costs, etc., are all that are recorded in a farm financial record.
What is a farm financial record?
It is a record of the expenses and income that comes with running a farm. Rent, veterinary bills, machinery repair costs, grain/livestock sales, equipment depreciation, income taxes, labour costs, etc., are all that are recorded in a farm financial record.
Why land rent is considered as an Unearned income?
land rent is an unearned income
What is rent income?
I believe Rent Income or "rental income" is any income received from a property you own & have tennants in who pay you "rent" to live there. This is usually considered a form of income, obviously depending on the country you live in.
