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In accounting What is the difference between unearned fees and fees earned?
One is a liability and the other an asset.
How would fees receivable appear on the balance sheet?
Fees receivable would appear on the balance sheet as an asset.
Is unearned fees revenue an asset?
yes
Fees earned but not yet received?
fees earned but not yet received is what account
Are commissions earned an asset?
Commisions may appear on a balance sheet as an asset in accounts receivable
In accounting What is the difference between unearned fees and fees earned?
One is a liability and the other an asset.
How would fees receivable appear on the balance sheet?
Fees receivable would appear on the balance sheet as an asset.
Is unearned fees an asset?
yes
Is unearned fees revenue an asset?
yes
Fees earned but not yet received?
fees earned but not yet received is what account
Are commissions earned an asset?
Commisions may appear on a balance sheet as an asset in accounts receivable
Is fees earned debit or credit?
Fees Earned is an Income and whenever an income increases its credited! So that makes it a credit.
Are fees earned showed on a balance sheet?
No Fees Earned is Income Statement item it dont show on Balance sheet
Is an IRA a current asset?
Sure, why not. It is earned income.
Is fees earned a temporary account?
No.
How come some charge condo fees and some dont?
Condominiums charged assessments to owners, in order to pay for the operation of the community. All condominiums collect assessments. In some communities, there may be optional fees for asset use, such as greens fees or pool fees. These fees are charged for use and may not be charged to owners who do not use the asset.
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.
