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Fees earned but not yet received?
fees earned but not yet received is what account
Is Fees earned is decreased is it debited or credited?
The Fees Earned account has a credit balance. This means that you credit the account to increase the balance, and debit the account to decrease the balance.
Is fees earned an asset?
The Fees Earned account is most commonly used in the services industry, where it contains billings for such services as tax consulting, auditing fees, and general consulting.
What type of account is fees earned but not yet received?
Accrued Revenues.
Is the income from fees is a permanent account?
No, income from fees is not a permanent account; it is classified as a temporary account. Temporary accounts, such as revenue accounts, are closed at the end of each accounting period to prepare for the next period. The income generated from fees is recorded in the income statement and ultimately transferred to retained earnings in the equity section of the balance sheet.
Fees earned but not yet received?
fees earned but not yet received is what account
Is Fees earned is decreased is it debited or credited?
The Fees Earned account has a credit balance. This means that you credit the account to increase the balance, and debit the account to decrease the balance.
What type of account is Fees Earned?
It is under capital which is the account type of Owner's Equity. Fees Earned is under the title Revenue when expanding the ledger.
Is fees earned an asset?
The Fees Earned account is most commonly used in the services industry, where it contains billings for such services as tax consulting, auditing fees, and general consulting.
What type of account is fees earned but not yet received?
Accrued Revenues.
Is the drawing account is a temporary account?
Drawings Account is a Temporary Account
Is income summary a temporary or permanent account?
TEMPORARY ACCOUNT
If a company failed to make the end of period adjustment to remove from the Unearned Management Fees account the amount of management fees that were earned this omission would cause?
an overstatement of liabilities
What are the fees for HSBC accounts?
Yes, there are fees for HSBC accounts. Depending upon which type of account you have there are maintence fees and account service fees. Their montly account fees range from $2-$3 a month.
Can you explain what "gross of fees" means in financial terms?
"Gross of fees" refers to the total amount of money earned or invested before any fees or expenses are deducted. It represents the raw or initial amount without any deductions taken into account.
Is dividends declared account permanent or temporary account?
Dividend is a temporary account at it is closed the retained earnings account at the end of fiscal year.
Is salary payable a temporary account?
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