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    tvlaptop's Avatar
    tvlaptop Posts: 8, Reputation: 1
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    #1

    Sep 22, 2007, 05:41 PM
    Financial statements and accounts
    Where do the following 3 accounts fall under:Assets,liabilities,stockholder's equity,revenue,or expense


    1. Interest Earned
    2. Unearned Services Fees
    3. Delivery Truck

    Thanks
    aaj6770's Avatar
    aaj6770 Posts: 1, Reputation: 1
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    #2

    Sep 22, 2007, 05:55 PM
    Quote Originally Posted by tvlaptop
    Where do the following 3 accounts fall under:Assets,liabilities,stockholder's equity,revenue,or expense


    1. Interest Earned
    2. Unearned Services Fees
    3. Delivery Truck

    Thanks
    Interest Earned - Revenue
    Unearned Service Fees - Liability
    Delivery Truck - Asset (unless the company is into truck sales, then it would be inventory)
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #3

    Sep 23, 2007, 01:49 PM
    Interest Earned - Revenue
    Unearned Service Fees - Liability
    Delivery Truck - Assets

    Inventory is an asset, as is PPE. Either way, the truck would be an asset.
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