The account type and normal balance of Unearned Revenue is
A) revenue, credit
B) expense, debit
C) liability, credit
D) asset, debit

Question

Quizplus · Accepted Answer

Unearned revenue is a liability account that represents the amount of cash collected by a company for goods or services that have not yet been delivered or provided. The normal balance for a liability account is a credit, so the answer is C- liability, credit.

The Account Type and Normal Balance of Unearned Revenue Is