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What is the difference between unearned liabilities and payables?

Rentals
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Question added by mohammed saalim saalim , Accountant , Al Rashed & Al-Omran Co.
Date Posted: 2016/01/21
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Rehan Rehan Nasir
by Rehan Rehan Nasir , Junior Internal Audit officer , Chemicals & Dyes

Unearned liability mean u receive amount in advance and you didnt provide services to your client.

In case of payable you hired/ received services but didnt paid amount of services to services provider.

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