Unearned Revenue is a Liability Account
Unearned Revenue is a liability account.
Unearned revenue account is classified as current liability as it is the revenue not yet earned by business.
Unearned Service Revenue is a Liability account.
Revenue account
Unearned Revenue is a Liability Account
Unearned Revenue is a liability account.
Unearned Service Revenue is a Liability account.
Unearned revenue account is classified as current liability as it is the revenue not yet earned by business.
Unearned Service Revenue is a Liability account.
Sales discount is not an expense account, but is also a deduction to an income statement. It is just a contra account of a revenue account particularly a sales revenue account.
Revenue account
Unearned ravenue is liability account as revenue is not yet earned but cash received.
No. A revenue account should always show a credit balance.
Yes, it is, but accounts receivable is not.
revenue account
No, it is an owner's equity account.