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Unearned income is any income that was not paid as part of the compensation for services provided by the taxpayer.An example is income that is generated as a result of investments, properties, stocks and bonds, etc.
[Debit] Cash / bank [Credit] Unearned Interest Income
debit unearned incomecredit services liability
No. Unearned Revenues are recorded on the Balance Sheet.
unearned rental income is disclosed under which part? asset or liability?
unearned income
Unearned Income
Unearned income is any income that was not paid as part of the compensation for services provided by the taxpayer.An example is income that is generated as a result of investments, properties, stocks and bonds, etc.
land rent is an unearned income
Unearned revenue is income that you get without having to work for it. An example of this would be interest from stocks and bonds, dividend payments, or interest earned on a bank account.
unearned income
income recived a/c dr to unearned income
Unearned income is any income that was not paid as part of the compensation for services provided by the taxpayer.An example is income that is generated as a result of investments, properties, stocks and bonds, etc.
[Debit] Cash / bank [Credit] Unearned Interest Income
earned income: your paycheck, and salary unearned income: interest on ur savings, interest ;)
debit unearned incomecredit services liability
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