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What type of account is Unearned revenue and what its normal balance?
Wiki User
∙ 9y ago
Unearned revenue is a liability account. It is revenue that is received in one fiscal period despite the fact that revenue is not earned until another fiscal period. Its normal balance is credit.
Wiki User
∙ 9y ago
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Is unearned service revenue debit or credit?
Unearned services revenue is that part of revenue which is not yet earned and as it is not yet earned then it is liability for business and hence like all other liabilities it has credit balance as normal default balance.
The type of account and normal balance of Unearned Rent is?
The normal balance of Unearned Rent is typically a liability credit entry. The balance will show up in the post-closing trial of the balance sheet.
What is the normal balance of rent revenue?
Rent is a revenue account and like all revenue accounts it has credit balance as normal balance.
What is the type of account and normal balance of unearned rent?
liability, credit
Normal Balance of a revenue?
what is the normal balance of a revenue account If your just looking for the term...it's Credit...
Is unearned service revenue debit or credit?
Unearned services revenue is that part of revenue which is not yet earned and as it is not yet earned then it is liability for business and hence like all other liabilities it has credit balance as normal default balance.
The type of account and normal balance of Unearned Rent is?
The normal balance of Unearned Rent is typically a liability credit entry. The balance will show up in the post-closing trial of the balance sheet.
What is the normal balance of rent revenue?
Rent is a revenue account and like all revenue accounts it has credit balance as normal balance.
What is the type of account and normal balance of unearned rent?
liability, credit
Normal Balance of a revenue?
what is the normal balance of a revenue account If your just looking for the term...it's Credit...
Sales is what type of account?
Sales is a revenue account and has a credit balance as a normal balance.
What is type of sale?
Sales is a revenue account and has a credit balance as a normal balance.
What is the normal balance of unearned rent?
It has a normal balance of a credit.
Are revenue accounts increased by credits?
Revenue accounts have credit balance as a normal balance so credit is the way to increase the revenue account.
Is performed services a credit or debit?
Performed services is a revenue account and revenue account has credit balance as normal default balance so services performed also has credit balance.
What is normal balance of a revenue?
All revenue accounts has credit balance as a normal balance
What is a normal balance account of a Sales discount?
Sales discount account has debit balance as it causes the reduction of sales and hence a contra account of sales revenue account.
