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Unearned revenue is a liability account, from which cash is collected before rendering your services.
unearned revenue is a liability account shows in the balance sheet as a short term liabilities
the journal entry is
from / cash or bank
to / unearned revenue
when the service provided the journal entry will be:
from / unearned revenue
to / service revenues
chosse number3 Liability
Liability. Deferred Income
unearned revenue is a liability for the recipient of the payment, so the initial entry is debit to the cash account and a credit to the unearned revenue account. It is a asset account.
liability under prepaid income received
A liability account received in advance of providing goods or services. So it will settle after timely provided services.
agree with most of the answers "liability"
2.Liability
best answer" two "liability
Unearned revenue is prepaid revenue, It occurs when a company receives money before the money is earned.