liability
The entry for unearned commission typically involves debiting a cash or accounts receivable account and crediting an unearned revenue account. This reflects the receipt of payment for services or sales that have not yet been performed. Once the commission is earned, the unearned revenue account is debited, and the commission revenue account is credited to recognize the income.
Unearned Revenue is a liability account.
yes
Unearned Revenue is a Liability Account
Unearned Service Revenue is a Liability account.
Unearned Revenue is a liability account.
yes
Unearned Revenue is a Liability Account
Unearned Service Revenue is a Liability account.
Unearned Service Revenue is a Liability account.
the commission which is outstanding the services for which you have been paid but you haven't rendered it yet !!
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