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Example of unearned revenue?
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.
Is unearned revenue a current liability when advance payment received for construction work?
no
What is revenue productivity?
Its , Revenue earned by the person/total time for the work to be done by the person
Why an unearned revenue account?
I am not exactly sure what is trying to be asked here, but I will explain what an unearned revenue account is and hopefully that will give you the answer you are looking for.When a company is in business, whether a merchandising business or a service business, their goal is to make money, earn a profit. Unearned Revenue is a liability account where money that is paid by a customer is listed if the customer has not received his/her merchandise or service.Example: Let's say we are a service business and customer A wants you to paint their house. You contract with the customer to paint their house for $5,000 and the customer pays you before you do the work. You record this transaction in unearned revenue because, although you have received the money for the service, you actually haven't performed the service as of yet, in other words you haven't "earned" it. This is a liability for you, as you now owe customer A a service and until that service is fulfilled you are obligated to either perform the service (paint their house) or if unable to complete the agreement, refund their money.Once the service is completed the Unearned Revenue account is credited and the money you were previously paid is "earned" Revenue.
What happens when work is done on a object?
When work is done on an object, it gains energy in the form of kinetic energy or potential energy depending on the type of work done. The object's speed, height, or deformation may change as a result of the work done on it.
What happens when you let your laptop sleep all the time?
You get no work done.
When negative work is being done what happens to potential energy?
Negative work increases potential energy.
What causes electrical work?
It happens after someone asks for it to be done for some reason.
When work to be done and costs to be incurred on a long-term contract can be estimated dependably what methods of revenue recognition is preferable?
percentage-of-completion method
What is revenue ministery?
Revenue ministry functions how revenue colloction department work & flow chart
What happens to the work done on an object if it moves at constant acceleration?
a big bad boy
What happens to internal energy when mechanical work is done?
When mechanical work is done, the internal energy of a system can change. If work is done on the system, the internal energy increases. Conversely, if work is done by the system, the internal energy decreases. This change in internal energy is governed by the first law of thermodynamics.
