Unearned revenue is the amount which client has paid already but not received the services yet so it is the liability of the company until they renderred the services to client or otherwise return back the amount to the client.
Unearned Revenue is a Liability Account
Unearned Revenue is a liability account.
Unearned Service Revenue is a Liability account.
yes
Unearned revenue is liability until it is earned and shown under liability side of balance sheet.
Unearned Revenue is a Liability Account
Unearned Revenue is a liability account.
Unearned Service Revenue is a Liability account.
Unearned Service Revenue is a Liability account.
yes
Unearned revenue is liability until it is earned and shown under liability side of balance sheet.
What types of industries have unearned revenue? Why is unearned revenue considered a liability? When is the unearned revenue recognized in the financial statements Is a church a company that could have unearned revenue?
Unearned revenue account is classified as current liability as it is the revenue not yet earned by business.
unearned revenue adjusting entries
unearned revenue falls under the head of nominal account and it is definaltel a liability on the organization.
A liability.
Yes, Unearned revenue has credit balance and it is liability for business until it is actually earned.