In the case of Unearned revenue,the cash is received first,and the revenue is earned later.

Name: In the case of Unearned revenue,the cash is received first,and the revenue is earned later.
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Quizplus · Accepted Answer

Unearned revenue refers to the situation where a company receives cash from a customer for goods or services that have not yet been provided or earned. The cash is recorded as a liability on the company's balance sheet until the revenue is earned and the liability is recognized as revenue.

In the Case of Unearned Revenue,the Cash Is Received First,and