Accounting: income received but not yet earned, such as rent received in advance or other advances from customers. Unearned income is usually classified as a Current Liability on a company's balance sheet.
Taxes: income from sources other than wages, salaries, tips, and other employee compensation, such as dividends, interest, and rent.
Accounting: income received but not yet earned, such as rent received in advance or other advances from customers. Unearned income is usually classified as a current liability on a company's balance sheet, assuming that it will be credited to income within the normal accounting cycle. See also deferred charge.
Income taxes: income from sources other than wages, salaries, tips, and other employee compensation-for example, dividends, interest, rent.
