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What else can I help you with?
Are prepaid expenses an asset liability or equity?
NO! Prepaid expenses are assets!!
Is prepaid rent an asset or liability in the books of the payer?
asset
If you have a prepaid Go phone will the payments show up on your credit report?
No.
Are prepaid expenses a liability?
No. They are listed as a debit on the asset side of the Balance Sheet.
Unearned revenue a liability?
Unearned revenue is the amount which client has paid already but not received the services yet so it is the liability of the company until they renderred the services to client or otherwise return back the amount to the client.
Who has pecuniary liability for erroneous payments?
Certifying Officers have pecuniary liability for erroneous payments.Certifying Officers
Would extra payments made on a credit card be an asset liability income or expense?
liability
How is Prepaid Income treated in balance sheet?
Prepaid Income is considered current liability as it represents the advances received from customers on account of work to be performed.
If there is a balance in the prepaid rent account after adjusting entries are made it represents?
A liability is what it represents.
Is unearned rent a deferred liability?
If it has been prepaid by a customer and you show the cash related to this prepayment on your books, it is straight liability. You can think of this as something that you have but does not belong to you until you earn it. It is not deferred liability.
What means liability?
A limitation (a cap) of liability clause is a contractual provision that restricts the amount of damages a client can recover from a company. Uncapped liability is a liability without a limit.
Liability refers to a financial liability brought on by a loss that has resulted from illegal improper or incorrect payments?
Pecuniary
