Accountancy, asked by brytonponaz14, 7 months ago

is uneared revenue credit or debit

Answers

Answered by Anonymous
3

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 \implies 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.

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Answered by sarthakdwivedi406
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:

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