What is the difference between unearned revenue and earned revenue?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (15 reviews)
Unearned revenues or liabilities are amounts received from customers that ...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Fraud examination
ISBN: 978-0538470841
4th edition
Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma
Question Posted:
Students also viewed these Business Law questions
-
What is the difference between earned income and unearned income?
-
What is the difference between an offer for a unilateral contract and an offer for a bilateral contract? Why might that difference be important to understand?
-
What is the difference between saturated liquid and compressed liquid?
-
Use the DerivaGem software to value a five-year collar that guarantees that the maximum and minimum interest rates on a LIBOR-based loan (with quarterly resets) are 7% and 5% respectively. The LIBOR...
-
Who do you think would be the main stakeholders for the Workhouse project? How might not involving them damage the project? How would involving them benefit the project?
-
In what ways will the sources, channels, and audiences of the formal lines of communication and the informal lines of communication (grapevine) in an organization differ?
-
21-5. El comprador multicanal es _______________________.
-
What other strategies might help organizations better utilize and manage selection activities?
-
At December 3 1 , 2 0 2 2 , Dynamic Exploration's balance sheet showed total PPE assets of $ 8 1 6 , 6 0 0 and total accumulated depreciation of $ 3 4 6 , 7 7 9 as detailed in the PPE Subledger...
-
Rowan Company has a net profit margin of 8.3 percent, debt ratio of 45 percent, total assets of $4,157,550, and sales of $6,852,654. If the company has a dividend payout ratio of 67 percent, what is...
-
Why might liabilities be understated if proper adjusting entries are not made at the end of an accounting period?
-
If a contingent liability is only a possible liability, why might not disclosing contingent liabilities constitute financial statement fraud?
-
Niche marketing is an example of: (A) Differentiated marketing. (B) Undifferentiated marketing. (C) Concentrated marketing.
-
Consider: x3 + c (x 1)(x 3)(x + 1) (x + 3x + 9) (x + 2x + 5) How many partial fractions are there in the partial fraction decomposition of this function? How many unknowns (A, B, ...) must be...
-
Hand trace the following program. 1 y 0 2 for x in range (5): y = y + x 4 print ("x",x, "and y =", y) Note: You can shorten the prompts in your hand trace if you want to.
-
Determine the location using physics calculations to solve the problem. Show step by step details for how you solved the problem. I don't need an explanation explaining how to solve the problem. T By...
-
Give a brief explanation about the organization/company i.e., the products or services, number of employees, etc. Do a SWOT chart to help organize your ideas. Refer to resources in the reading for an...
-
How are organization "formal" and "informal" structures impacted in organizational change? Provide some examples. Compare and contrast Lewin's Change Model with Kotter's Change model. (Show how they...
-
Explain what sensitivity analysis is. How can it help in capital budgeting decisions? LO1
-
Provide an example of an aggressive accounting practice. Why is this practice aggressive?
-
What are some examples of when a court should interfere with the activities of a private association? Why do you think this is important to the sport industry?
-
All the journal entries shown below contain errors. The entries were prepared by an employee of New Zealand Corporation who does not have an adequate knowledge of accounting. INSTRUCTIONS Examine the...
-
Several transactions that occurred during December 2016, the first month of operation for Boyntons Accounting Services, follow. The company uses the general ledger accounts listed below. INSTRUCTIONS...
-
Ned Turner is a new staff accountant for Sarahs Beauty Supply. He has asked you to review the financial statements prepared for April to find and correct any errors. Review the income statement and...
-
Old MathJax webview i need Compute key financial ratios all financial ratios are required B D 2020 2019 9,169 118,378 18,423 1,839 10,244 10,748 1,648 3,963 11,048 185,460 8,822 97,719 17,417 731...
-
L> Moving to another question will save this response Question 1 Which of the following statements is true? o When corporate governance is strong managers may demand excessive pay O When corporate...
-
Document Malings Review View W Design Layout References ody - 12 - A A A A U. XX A. AD Aalto ABECEDE A AaBbc Acid 2) The Duranceau company has great difficulty controlling its indirect manufacturing...
Study smarter with the SolutionInn App