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Actually it is the opposite. If you have received compensation for services, but you have not earned that compensation yet, you incur a liability. That liability represents an obligation to perform those services. As the money is earned, the liability to reduced and you earn revenue.
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Unearned rental income is disclosed under which section of the Balance Sheet?
unearned rental income is disclosed under which part? asset or liability?
Is rental income unearned income?
Rental income may be considered unearned income. It depends on how active you are in managing the investment. Most RE professionals, and others, qualify as active and are not hindered by the inactive investment classification.
Journal entry for unearned interest income?
[Debit] Cash / bank [Credit] Unearned Interest Income
What is the journal entry for unearned income?
debit unearned incomecredit services liability
Are most notes not interest bearing?
unearned rental revenue is?
Unearned rental income is disclosed under which section of the Balance Sheet?
unearned rental income is disclosed under which part? asset or liability?
Is rental income unearned income?
Rental income may be considered unearned income. It depends on how active you are in managing the investment. Most RE professionals, and others, qualify as active and are not hindered by the inactive investment classification.
Unearned income?
Money earned from means other than employment or self-employment, such as interest income, dividend income, capital gains on investment, rental income, etc.
Can you get social security and unemployment benefits?
Yes, you can collect Social Security and unearned income at the same time. There is no limit to the amount of unearned income (from investments, pensions, rental income, etc.) that you can receive while collecting Social Security retirement benefits. You are limited to how much earned income you can have (from wages or salary) if you are collecting Social Security before you reach your full retirement age, but there is no limit to the amount of unearned income you can have.
Why land rent is considered as an Unearned income?
land rent is an unearned income
What are income transfers?
unearned income
Income received in advance journal entry?
income recived a/c dr to unearned income
Journal entry for unearned interest income?
[Debit] Cash / bank [Credit] Unearned Interest Income
Difference between earned and unearned income?
earned income: your paycheck, and salary unearned income: interest on ur savings, interest ;)
What is the journal entry for unearned income?
debit unearned incomecredit services liability
What is Earned and unearned income?
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Are most notes not interest bearing?
unearned rental revenue is?
