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Unearned Revenue is Short term Liability Or Long term ?

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تم إضافة السؤال من قبل Falak Sher Khan Khan , Accountant , Star Marketing (Pvt) Ltd
تاريخ النشر: 2015/03/10
FITAH MOHAMED
من قبل FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

.>>>>>>>>>>>Short term Liability

Anas  Dawah
من قبل Anas Dawah , Senior Internal Auditor , Talal Abu-Ghazaleh Global (TAGI)

it depends on the period at which we will provide the service , when the services will be provided in less than1 year unearned Revenue will be Current Liabilities but when the services will be provided in more than1 year unearned Revenue will be Noncurrent Liabilities

 

but usually unearned Revenues considered Current Liabilities 

Rehan Qureshi
من قبل Rehan Qureshi , Financial Consultant , Self Employeed

answer is very simple

It is a short term Liability 

Samsheer ck samsheer
من قبل Samsheer ck samsheer , Accounts Manager , Al madina group

Unearned Revenue is Normaly Current Asset Answer - Short term Liability

Muhammad Asif
من قبل Muhammad Asif , Accountant , Prestige Plastics LLC

its short term liability not a long term

Ahmed kandil
من قبل Ahmed kandil , Cost Controller , Battour Holding Cpompany

current liability .........

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
من قبل VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Unearned Revenue is normally a "Current Liability".

 

Unearned revenue normally appears in books of newspaper publishers, entertainment companies, telecommunication operators etc. because the nature of their business is such that cash is received before services are provided.

Leonard Santiago
من قبل Leonard Santiago , Analyst - Financial & Budget , Unified Real Estate Development Company

Unearned revenue is future obligation so its a Long term liability

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