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What is a liability for amounts received from customers before a company delivers a product or service?
Wiki User
∙ 10y ago
Unearned Revenue :)
Wiki User
∙ 10y ago
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What is trade accounts receivable?
Trade receivables are amounts billed by a business to its customers when it delivers goods or services to them in the ordinary course of business.
Are unearned revenues liabilities?
These are amounts which have already received but the benefits of which have not yet provided by the company to costumers that's why these amounts are the liability of company until not refund or befits for required services are provided to them
Should customer deposits be shown on the balance sheets as a current liability or as unearned income?
Customer deposits should be shown on the balance sheets as a current liability. This is because the deposits represent an obligation or liability to the company to fulfill the customer's orders or requests. It does not meet the criteria to be recorded as unearned income, which typically refers to amounts received in advance of the company providing goods or services.
Do you report unearned revenue on the income statement?
Unearned revenue is liability for business as amount is received but services are not provided that's why it is liability until it is earned and shown in balance sheet.
The title of the liability account that reports amounts that were received by the company before they were earned is?
The question is vague, but both Trust and Escrow accounts would seem to be applicable.
What sets minimally acceptable amounts of automobile liability insurance?
Minimum Auto Liability limits in the United States are set by your local State Government.
What is the economy of scale in DBMS?
A DBMS delivers economy of scale because it is optimized for processing large amounts of data.
How much liability insurance does a lawyer need?
It depends on the type of law you practice, and how careful you are, and how many matters you handle. Claim amounts are higher and claims more frequent in personal injury law. Claims are less frequent in patent and entertainment, but amounts are higher. Residential real estate generates frequent claims, but lower amounts.
Does income from a Limited Liability Company affect Social Security Income?
Any amounts of earned income money that you have received for providing your services worked for would be a part of the earnings test for 2010 of 14160 amount against your SSB amount.
What is it called when customers pay small amounts over a period of time?
increments
Which is sets minimally acceptable amounts of automobile liability insurance?
It varies according to the legislation of the country concerned.
How much liability insurance is required on my car in Alabama?
As you know the minimum amounts for liability insurance vary from state to state. Alabama has as its minimum requirements the following the minimum liability limits are $25,000 for injury liability for one person, $50,000 for all injuries and $25,000 for property damage in an accident.
