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Unearned revenues are what type of account?

Accounting Economics
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Question ajoutée par Shameer Nazir Madari , Assistant Finance Manager , METAL AND RECYCLING COMPANY K.S.C. (PUBLIC)
Date de publication: 2016/07/21
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D S Vik Pahladi
par D S Vik Pahladi , Sales And Marketing Manager , Mauritius Aquarium

unearned revenue(s) A liability account that reports amounts received in advance of providing goods or services. When the goods or services are provided, thisaccount balance is decreased and a revenue account is increased.

RATHEESH RAVEENDRAN
par RATHEESH RAVEENDRAN , Graduate Teacher (Head of Business Department) , HANIMAADHOO SCHOOL

Earned but not receved it is Current Assent

Unearned revenue is but Current liability, since its considered as income received in advance.

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