Rental income is the money a business earns in an accounting period from leasing real estate or another type of asset. The general ledger is an accounting record that is organized by account, such as ...

Unearned income, also known as passive income, is derived from sources other than employment or business operations and can act as a financial safety net during times of job loss or financial crisis.

Unearned revenue is the same thing as deferred revenue. In accounting, unearned revenue is a liability. It is a liability because even though a company has received payment from the customer, the ...