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What type of account is unearned service revenue?
Unearned Service Revenue is a Liability account.
What type of account is Unearned revenue and what its normal balance?
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.
What type of account is Unearned Consulting Fees?
Unearned Consulting Fees is classified as a liability account. It represents money received by a business for services that have not yet been performed, indicating an obligation to deliver those services in the future. This account is typically recorded on the balance sheet until the services are rendered, at which point it is recognized as revenue.
What type of account is unearned rent?
Liability account.
What type of account is unearned fees?
a paper in current assets in liability
What type of account is unearned revenue?
Unearned Service Revenue is a Liability account.
What type of account is unearned service revenue?
Unearned Service Revenue is a Liability account.
What type of account is Unearned revenue and what its normal balance?
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.
What type of account is Unearned Consulting Fees?
Unearned Consulting Fees is classified as a liability account. It represents money received by a business for services that have not yet been performed, indicating an obligation to deliver those services in the future. This account is typically recorded on the balance sheet until the services are rendered, at which point it is recognized as revenue.
What type of account is unearned rent?
Liability account.
What type of account is unearned fees?
a paper in current assets in liability
What is the type of account and normal balance of unearned rent?
liability, credit
What type of account is the rent receivable account?
Revenue account
What type of account is a sales discount?
A sales discount account is a contra-revenue account.
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 a revenue account?
A revenue account is a type of account that shows a company's income from the sale of its goods and services. It also shows all the expenses associated with those items.
Sales is what type of account?
Sales is a revenue account and has a credit balance as a normal balance.
