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Is Unearned Revenue a Liability

Is Unearned Revenue a Liability and How’s the Calculation Made

Jan 31, 2023

Whenever revenue is received by a company but not yet earned, the term unearned revenue or unearned income will apply.   In other words, the revenue is received in advance of service or product provision.   Without an exception, unearned revenue has to be recorded as a liability.   Both companies and individual service provider...

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