Maurice Tutor

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About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 2 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 19 Aug 2017 My Price 5.00

unearned revenue

4.    Why does the purchase of a one-year insurance policy four months ago give rise to insurance expense in the current month?

5.    If services have been rendered to customers during the cur- rent accounting period but no revenue has been recorded and no bill has been sent to the customers, why is an adjusting entry needed? What types of accounts should be debited and credited by this entry?

6.    What is meant by the term unearned revenue? Where should an unearned revenue account appear in the financial state- ments? As the work is done, what happens to the balance of an unearned revenue account?

7.    Briefly explain the concept of materiality. If an item is not material, how is the item treated for financial reporting purposes?

Answers

Maurice Tutor
(5)
Status NEW Posted 19 Aug 2017 05:08 PM My Price 5.00

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