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Difference between earned and unearned income?
earned income: your paycheck, and salary unearned income: interest on ur savings, interest ;)
What is the difference between an earned run and an unearned run in baseball?
In baseball, an earned run is a run that is scored off a pitcher due to their own performance, such as giving up hits or walks. An unearned run is a run that is scored due to errors or other defensive mistakes by the fielding team.
In accounting What is the difference between unearned fees and fees earned?
One is a liability and the other an asset.
If a run scores in baseball on a walk-off error is it earned or unearned?
unearned
What is the difference between earned runs and unearned runs in baseball?
Earned runs are runs that are scored off a pitcher due to their own performance, such as giving up hits or walks. Unearned runs are runs that are scored due to errors or other defensive mistakes by the fielding team.
How do baseball statisticians differentiate between earned and unearned runs in a player's overall performance?
Baseball statisticians differentiate between earned and unearned runs by attributing earned runs to a pitcher's performance based on their own mistakes or errors, while unearned runs are attributed to errors made by the fielders behind the pitcher. This distinction helps to more accurately assess a player's overall performance on the field.
How do you determine if a run is earned in baseball?
if the run was reached or scored because of an error, then it is unearned, any other instance, it is earned
What is Earned and unearned income?
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What could be journal entries for unearned revenue?
Initial receipt of unearned revenue from a customer for service to be provided in the future. Recognition of the unearned revenue as the service is performed and earned. Adjustment entry to reflect the portion of unearned revenue that has now been earned.
What is difference betweenEarned revenue and unearned revenue?
Earned Revenue = The revenue benefits of which have been provided to customers Unearned Revenue = The amount of which is already received but the corresponding benefits or services have not yet been provided. Example: Amount received to provide repair services next month. So when next month services will be provided that unearned revenue become earned revenue.
What is the equation once unearned revenue has been earned?
[Debit] Unearned revenue [Credit] Sales revenue
On which financial statements can you find unearned revenue?
The keyword is "Unearned", because it is unearned it is a liability until after it is earned and is listed as such. Therefore, Unearned Revenue will be listed on financial statements that include "Liabilities".
