answersLogoWhite

0

Realizing means that it has happened, recognizing means booking the entry. So realizing an unrecognized gain means you had a gain that hasn't been accounted for. And recognizing an unrealized gain means yuou did the accounting but don't haven't received the gain yet.

User Avatar

Wiki User

17y ago

What else can I help you with?

Continue Learning about Accounting

How do a letter requesting a replacement check?

You should get in touch with an organization after realizing that you have lost their checks. Next, write a letter discussing the lost check with proof it was not cashed.


Describe the key features of activity-based costing?

A key feature of activity-based costing is realizing that the value of a product changes as it is being produced. This would mean that raw materials should cost less than the finished product. For example, a dress starts out as just a piece of material, but after it is sewn together, it has more worth than when it started.


Where to go for help with credit card dept caused by family member using information without permission but don't want to press charges?

You will probably have to press charges to get the debt forgiven. The first thing to do is to get all of your card information changed due to fraud (you can do this for the asking) and make sure that your mail and private affairs are locked up. Most likely you will have a problem with this person realizing the "deal" you gave them and being willing to pay for their mistake.


What misconceptions did your peers have about taxes Give at least one example?

Many of my peers believed that tax refunds were free money from the government, not realizing that they are essentially a return of overpaid taxes. Another common misconception was that only high-income earners need to file taxes, when in fact, anyone earning above a certain threshold is required to do so. Additionally, some thought that tax deductions automatically lower their tax bill, overlooking the importance of understanding their taxable income and eligible deductions.


How can collection agencies put entries on your credit report if you never 'owed' them or got credit from them in the first place?

Collection agency buy or get assigned accounts from different kinds of creditors who you may owe without realizing it. Examples of these kinds of debts include bad checks, debts owed from medical services, defaulted leases and others. None of these debts are typical of the kind you undertake willingly (like a credit card account). But they still can be legitimately owed by you. You would need to track down the source of the collection account, find out whether or not the collection agency has your identifying information. If not, then you would need to investigate to determine the nature of information being reported against you. It might be that you are the victim of identity theft.

Related Questions

Why is unrealized gross profit considered a liability in the balance sheet?

Basically, unrealized gross profit is not an asset, liability, expense, revenue and owner equity. Because asset always record in DR side as a nature. Liability record on CR side but we don't have to pay any thing in unrealized gross profit. expense nature is DR revenue nature is CR but unrealized gross profit is expected to be an income after realizing. owner equity means to invest in business and unrealized gross profit is not an investment. So, we have to assume the unrealized gross profit as liability because it is mutually unearned. Unearned, it is an advance amount which is liability until we earned it. Similarly, unrealized is expected to be earned in future after collecting the installments of sales, as unearned is a part of liability so, unrealized gross profit is also a part of liability through unearned account.


What is gender consciousness?

Gender consciousness refers to an awareness and understanding of the social construct of gender, including how it influences individuals' identities, experiences, and opportunities. It involves recognizing the impact of gender norms, stereotypes, and power dynamics in shaping society and advocating for gender equality and social justice.


When was Realizing the Dream created?

Realizing the Dream was created in 2006.


What if you keep telling your girlfriend that you will do something and end up lying to her?

Then she start realizing that you lieing to her.Then she start realizing that you lieing to her.Then she start realizing that you lieing to her.Then she start realizing that you lieing to her.


What word refers to speeding without realizing it?

_________ refers to speeding without realizing it.


What kind of a muslim person is good Shiite or sunni?

It does not matter whether a Muslim is a Sunni or a Shiite. Being a good Muslim is contingent in recognizing the humanity in yourself, the humanity in others, and realizing the holiness and sanctity of that through the recognition of a sole God without partner or equal.


What is the word for not realizing that your Google search is ambiguous?

I would say narrow-minded is a word for not realizing that your Google search is ambiguous.


What is a flasback?

A flashback is realizing your childhood :):):):):):):):):) .


What is speeding with out realizing it called?

velocitation


How do you keep the devil away?

By realizing he is not real.


What actors and actresses appeared in Realizing Recovery - 2013?

The cast of Realizing Recovery - 2013 includes: Ingrid Johnson as Receptionist Madeline Roberti as Daughter


Where is the Citizens Realizing Our Potential in Farmington Missouri located?

The address of the Citizens Realizing Our Potential is: 150 Westmount Drive, Farmington, MO 63640-2970