All of the following are unearned revenues except:
A)deferred revenues.
B)accrued revenues.
C)revenues collected in advance.
D)customer prepayments.

Question

Quizplus · Accepted Answer

Unearned revenues refer to money received by a company for goods or services yet to be provided. Accrued revenues, however, are revenues that have been earned (through the delivery of goods or services) but not yet received. Choices A, C, and D all describe unearned revenue, where the company has received payment but has not yet fulfilled its obligation to the customer.

All of the Following Are Unearned Revenues Except