The classification and normal balance of the unearned revenue account is
A)asset, debit.
B)liability, credit.
C)revenues, credit.
D)shareholders' equity, credit.

Question

Quizplus · Accepted Answer

Unearned revenue is a liability account because it represents money received by a company for goods or services that have not yet been provided or earned. The normal balance for a liability account is credit.

The Classification and Normal Balance of the Unearned Revenue Account