They sure can ... you owe the taxes ... to not pay is tax fraud and punishable by Federal Laws, too.
Unearned Revenue is a Liability Account
A US checking Account
Unearned Revenue is a liability account.
Unearned Service Revenue is a Liability account.
A checking account is also called a transactional account or chequing account.
Unearned revenue account is classified as current liability as it is the revenue not yet earned by business.
Unearned Service Revenue is a Liability account.
Sales discount is not an expense account, but is also a deduction to an income statement. It is just a contra account of a revenue account particularly a sales revenue account.
Your bank routing number is on the left side of the checking account and the checking account is next to it.
"A high interst checking account is a type of checking account that earns interest. Usually these accounts have higher interest than a regular checking account, but not as high as a savings 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
average return on a checking account is about 0.1