What is unearned revenue? Top FAQs on unearned revenue
Content QuickBooks Online and Balance Sheets What Is Unearned Revenue vs. Deferred Revenue? Explaining the Unearned Income account Unearned Revenue: Accrual Accounting Classification DebitCreditUnearned Revenue$10,000–Revenue–$10,000The unearned revenue account declines, with the coinciding entry consisting of the increase in revenue. For example, imagine that a company has received an early cash payment from a customer of […]
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