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A liability is what it represents.
That would mean that the liabilities would be understated.
Unearned Revenue is a liability account.
Unearned Revenue is a Liability Account
Unearned Service Revenue is a Liability account.
A liability is what it represents.
That would mean that the liabilities would be understated.
Unearned Revenue is a liability account.
Unearned Service Revenue is a Liability account.
Unearned Revenue is a Liability Account
Unearned Service Revenue is a Liability account.
Unearned ravenue is liability account as revenue is not yet earned but cash received.
Liability account.
no!! =) its a real account
Unearned revenue account is classified as current liability as it is the revenue not yet earned by business.
contra account
unearned rent