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Unearned is subject to revenue received but not accrued as of particular point of time. Hence, the unearned revenue until it is accrued, is taken as "Current Liability" - Thanks!
Its liability...............................
Liability is right answer....................
the answer is #2. Liability
I=Unearned revenue is a liability account
The option2) is the correct option Liability Account
unearned revenue is liabilities account because we have cash or equivalent but we did not deserve it yet
2. Liability
Unearned revenue can be thought of as a "pre-payment" for goods or services which a person or company is expected to produce to the purchaser. As a result of this prepayment, the seller now has a liability equal to the revenueearned until deliver of the good or service.
unearned revenue is owners equity.
هل تحتاج لمساعدة في كتابة سيرة ذاتية تحتوي على الكلمات الدلالية التي يبحث عنها أصحاب العمل؟