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Unearned income is any income that was not paid as part of the compensation for services provided by the taxpayer.
An example is income that is generated as a result of investments, properties, stocks and bonds, etc.
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∙ 12y ago
That Guy
Anonymous
money that is a result of investments, properties, stocks and bonds, or inheritances
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Journal entry for unearned interest income?
[Debit] Cash / bank [Credit] Unearned Interest Income
What is the journal entry for unearned income?
debit unearned incomecredit services liability
Definition of unearned income?
Amount which is reveived in advance from customer for goods but goods are not actually sold to that customer until some future period.
Do you have to record unearned revenues on income statement?
No. Unearned Revenues are recorded on the Balance Sheet.
Unearned rental income is disclosed under which section of the Balance Sheet?
unearned rental income is disclosed under which part? asset or liability?
What the best definition of unearned income?
Unearned income is any income that was not paid as part of the compensation for services provided by the taxpayer.An example is income that is generated as a result of investments, properties, stocks and bonds, etc.
Is the best definition of unearned income?
Money that is given by legacy or inheritance
Why land rent is considered as an Unearned income?
land rent is an unearned income
What are income transfers?
unearned income
Income received in advance journal entry?
income recived a/c dr to unearned income
Journal entry for unearned interest income?
[Debit] Cash / bank [Credit] Unearned Interest Income
Difference between earned and unearned income?
earned income: your paycheck, and salary unearned income: interest on ur savings, interest ;)
What is the journal entry for unearned income?
debit unearned incomecredit services liability
What is Earned and unearned income?
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Definition of unearned income?
Amount which is reveived in advance from customer for goods but goods are not actually sold to that customer until some future period.
Do you have to record unearned revenues on income statement?
No. Unearned Revenues are recorded on the Balance Sheet.
Unearned rental income is disclosed under which section of the Balance Sheet?
unearned rental income is disclosed under which part? asset or liability?
