What kind of account is Unearned Revenue?
A) Asset
B) Liability
C) Revenue
D) Expense

Name: What kind of account is Unearned Revenue? A) Asset B) Liability C) Revenue D) Expense
Brand: Quizplus
Rating: 4.8 (45 reviews)

Question

Quizplus · Accepted Answer

Unearned revenue is a liability account. It represents the money that a company has received in advance for goods or services that it has not yet delivered. This means that the company owes something to its customers, and has an obligation to fulfill the promised goods or services in the future.

What Kind of Account Is Unearned Revenue