income, rent, commission, rebate, gambling, wages, winnings, .......
Unearned Revenue is a Liability Account
Unearned Revenue is a liability 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.
Revenue account
Unearned Revenue is a Liability Account
Unearned Revenue is a liability account.
An account title refers to the name given to a specific account in financial records or systems. It helps identify and categorize the type of account and its purpose for tracking transactions. For example, common account titles include "Cash," "Accounts Receivable," and "Sales Revenue."
Unearned Service Revenue is a Liability 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.
Revenue account
Unearned ravenue is liability account as revenue is not yet earned but cash received.
No. A revenue account should always show a credit balance.
Yes, it is, but accounts receivable is not.
No, it is an owner's equity account.