is uneared revenue credit or debit
Answers
Answered by
3
Unearned revenue is recorded on a company's balance sheet as a liability. It is treated as a liability because the revenue has still not been earned and represents products or services owed to a customer. ... Unearned revenue is usually disclosed as a current liability on a company's balance sheet.
_____________________________
Answered by
0
Answer:unearned revenue is a liability for the recipient of the payment, so the initial entry is a debit to the cash account and a credit to the unearned account.
Explanation:
Similar questions
Math,
4 months ago
Math,
4 months ago
Social Sciences,
4 months ago
Math,
8 months ago
Math,
11 months ago