If there is a balance in the unearned subscriptions account after adjusting entries are made, it represents a(n)
A) deferral
B) accrual
C) drawing
D) revenue

Question

Quizplus · Accepted Answer

A balance in the unearned subscriptions account after adjusting entries means that income has been received but not yet earned. This is a deferral, as the revenue will be earned in a future period.

If There Is a Balance in the Unearned Subscriptions Account