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When a business entity receives payment before delivering goods what is the unearned revenue account?
Wiki User
∙ 9y ago
In accrual-based accounting, you would not recognize revenue before delivering the goods. You would typically have a liability account for "deferred revenue."
Wiki User
∙ 9y ago
PROGRESS
CREDITED
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Unearned revenue account is classified as a?
Unearned revenue account is classified as current liability as it is the revenue not yet earned by business.
Can unearned fees be deposited in the business checking account?
It depends
What kind of account is unearned revenue?
Unearned Revenue is a liability account.
Unearned revenue is a contra revenue account?
Unearned Revenue is a Liability Account
What type of account is unearned service revenue?
Unearned Service Revenue is a Liability account.
Unearned revenue account is classified as a?
Unearned revenue account is classified as current liability as it is the revenue not yet earned by business.
Can unearned fees be deposited in the business checking account?
It depends
What kind of account is unearned revenue?
Unearned Revenue is a liability account.
What type of account is unearned revenue?
Unearned Service Revenue is a Liability account.
Unearned revenue is a contra revenue account?
Unearned Revenue is a Liability Account
What type of account is unearned service revenue?
Unearned Service Revenue is a Liability account.
Is unearned revenue is nominal account?
Unearned ravenue is liability account as revenue is not yet earned but cash received.
What type of account is unearned rent?
Liability account.
Is unearned revenue nominal account?
no!! =) its a real account
Unearned revenue is classified as which type of the account?
contra account
When the debtors account shows the credit balance?
When business receives money in advance....
An example of an asset account?
unearned rent
