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They sure can ... you owe the taxes ... to not pay is tax fraud and punishable by Federal Laws, too.
What else can I help you with?
Unearned revenue is a contra revenue account?
Unearned Revenue is a Liability Account
Is it a US checking account or an US checking account?
A US checking Account
Does a credit to a revenue account increase or decrease an account?
A credit to a revenue account increases the account. In accounting, revenue accounts typically have a normal credit balance, so when a revenue account is credited, it reflects an increase in earnings. Conversely, debiting a revenue account would decrease it.
What kind of account is unearned revenue?
Unearned Revenue is a liability account.
What type of account is unearned revenue?
Unearned Service Revenue is a Liability account.
Unearned revenue account is classified as a?
Unearned revenue account is classified as current liability as it is the revenue not yet earned by business.
What type of account is unearned service revenue?
Unearned Service Revenue is a Liability account.
Is Purchase Discount revenue or expense?
Sales discount is not an expense account, but is also a deduction to an income statement. It is just a contra account of a revenue account particularly a sales revenue account.
What is a checking account frequently referred to as?
A checking account is also called a transactional account or chequing account.
What type of account is the rent receivable account?
Revenue account
Is unearned revenue is nominal account?
Unearned ravenue is liability account as revenue is not yet earned but cash received.
How can you get the bank route number and your checking account number?
Your bank routing number is on the left side of the checking account and the checking account is next to it.
