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Unearned revenue is revenue a company has received but has not yet fulfilled their obligation to the customer. Because the company is now liable for either providing the product (or service) to the customer or refunding the money paid by said customer, it is a liability account until all obligations are fulfilled.
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What is examples for Real Personal accounts?
Some examples for Real Accounts are cars and houses, while examples for Personal Accounts are credit cards.
What are the administrator and guest user accounts examples of?
Built in user accounts
Examples of nominal account?
Examples of nominal accounts are losses and expenses of gains or income.
What are the examples of contra account?
Examples of Contra Accounts are Accumulated Depreciation and Provision for Doubtful Debts
What is a liability account?
Liability Accounts record obligations of a business towards its creditors. Examples of liability accounts are Accounts Payable, Interest Payable, Wages Payable. These accounts appear on the balance sheet.
What are examples of cash inflow?
Leasing, product sales and interest on bank accounts are all examples of cash inflow
What types of accounts have a debit balance?
All expenditure related head of accounts are debit balance accounts. Some of the examples are cost of purchases, establishment charges, administrative expenses etc.,
Examples of current liabilities?
accounts payable short term loan payable
Where can one find merchant accounts online?
One can find merchant accounts by visiting several different websites. Some examples of websites who offer merchant accounts are: SagePay, WorldPay, Paypal and GoDaddy.
Good android application for a business accounts?
Some examples of Good android application for a business accounts include Shoeboxed, Book Keeper Accounting, Mint and Quickbooks.
Can you provide some examples of cash investments?
Some examples of cash investments include savings accounts, certificates of deposit (CDs), money market accounts, and Treasury bills. These are all considered low-risk investments that provide a return in the form of interest.
What are the three golden rules of accounting with examples?
Personal Accounts- Debit-The Receiver; Credit-The Giver. Real Accounts- Debit-What Comes In; Credit-What Goes Out. Nominal Accounts- Debit- All expenses and Losses; Credit- All Incomes and Gains.
