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What else can I help you with?
Who pays taxes on estate that is controlled by the executor?
The executor of an estate uses the assets of the estate to pay any taxes or other debts owed by that estate. If it should turn out that the taxes owed exceed the value of the estate, then the executor pays as much as the estate consists of, after which there is no longer an estate.
What is the importance of revenue to a business?
revenue is what pays the expenses of running the business and hopefully you can even make enough revenue above expenses to make a profit
What needs to happen in accounts receivables when a customer pays their account?
debit revenue and credit receibables
What is the accounting double entry when service is provided for a prepaid account?
When your customers pays you in advance, you'd: Dr Cash xxx Cr Unearned service revenue xxx (liability item in balance sheet) When you've provided the service, you'd Dr Unearned service revenue xxx Cr Service revenue xxx (revenue item in income statement)
If a company pays 6500 for two season tickets on September 1. If 2500 is earned by December 31 the adjusting entry made at that time is debit Cash 2500 and credit Ticket Revenue 2500.?
The adjusting entry described is incorrect. Since the company has earned $2,500 by December 31, the correct entry should involve debiting Ticket Revenue for $2,500 and crediting Unearned Revenue (or Deferred Revenue) for the same amount to reflect the recognition of revenue earned from the season tickets. This adjustment ensures that the revenue is accurately recorded in the period it was earned, aligning with the revenue recognition principle.
Who pays the executor of the estate?
The estate pays the executor. The fee is either approved by the court or proscribed by law.
Who pays the credit-card debt of a deceased person in Ontario Canada?
The estate pays. If nothing in the estate they do not get paid.
Who pays for lawyer to replace exuector?
The estate pays the executor and the attorney. So it will be a part of the estate settlement and approved by the court.
When I die who pays my taxes?
your estate.
Who pays the property taxes on life estate?
The owner of the life estate.
Who pays taxes on estate that is controlled by the executor?
The executor of an estate uses the assets of the estate to pay any taxes or other debts owed by that estate. If it should turn out that the taxes owed exceed the value of the estate, then the executor pays as much as the estate consists of, after which there is no longer an estate.
Who usually pays a real esate agent a commission?
In US residential real estate the Seller pays the real estate agent's commisssion.
Who pays the governments expenses?
The government pays its expenses from the revenue it obtains through taxing the people it governs.
Who pays the funeral expenses with a very large estate?
The estate pays for the funeral. It is typically one of the first clauses in the will. If someone signed for the funeral costs, they can be held liable if the estate fails to cover the costs.
What is percentage lease?
It is one type of lease where the tenant pays a base rent plus a percentage of any revenue earned while doing business on the rental premises.It is the term used in commercial real estate.
What is the importance of revenue to a business?
revenue is what pays the expenses of running the business and hopefully you can even make enough revenue above expenses to make a profit
What kind of revenue pays for Texas public schools?
Property taxes.
