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-   -   Financial statements and accounts (https://www.askmehelpdesk.com/showthread.php?t=132584)

  • Sep 22, 2007, 05:41 PM
    tvlaptop
    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
  • Sep 22, 2007, 05:55 PM
    aaj6770
    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)
  • Sep 23, 2007, 01:49 PM
    CaptainForest
    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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