An Unearned Revenue Can Be Best Described as

Unearned revenue sometimes referred to as deferred revenue Deferred Revenue Deferred revenue is generated when a company receives payment for goods andor services that it has not yet earned. It is treated as a liability because the revenue has still not been earned and represents products or services owed to a customer.

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Unearned revenue is a liability or money a company owes.

. Not collected and not currently matched with expense Collected and currently matched with Answered. An accrued expense on the books of the company that made the advance payment. When the goods or services are provided an adjusting entry is made.

An unearned revenue can best be described as an amount a. A a prepaid expense on the books of the company that made the advance payment. This is money paid to a business in advance before it actually provides goods or services to a client.

An unearned income can best be described as an amount Collected and currently matched with expenses O Not collected and currently matched with expenses O Not collected and not currently matched with expenses O Collected and not. Collected and not reported on the income statement. If an unearned revenue account is not adjusted for revenues earned during the period liabilities will be overstated and revenue will be understated.

Unearned revenue can be best be bartleby. B collected and not currently matched with expenses. So it is that amount which is collected and presently not matched with that expense.

Unearned revenue on the books of one company is likely to be. Hence the correct option is B. As a company earns the revenue it reduces the balance in the unearned revenue account with a debit and increases the balance in the revenue account with a credit.

An unearned revenue can best be described as an amount a. An unearned revenue on the books of the company that made the advance payment. Hence the correct option is B.

Not collected and not currently matched with expenses. Unearned Revenue is a permanent account. C not collected and currently matched with expenses.

In contrast earned revenue is money that is provided to someone after they complete a job. Unearned revenue on the books of one company is likely to be. The unearned revenue is the revenue which collected from the customer but has not been performed yet by the firm.

Not collected and currently matched with expenses. Collected and currently matched with expenses. Not collected and currently matched with expenses.

In accrual accounting is payment received by a company from a customer for products or services that will be delivered at some point in the future. Solution for Unearned revenue can be best be described as an amount. B an unearned revenue on the books of the company that made the advance payment.

Collected and not currently matched with expenses. Unearned revenue is money received by an individual or company for a service or product that has yet to be provided or delivered. Collected but not currently matched with expenses.

An unearned revenue can best be described as an amount. Unearned revenue is a liability for the recipient of the payment so the initial entry is a debit to the cash account and a credit to the unearned revenue account. C not collected and currently matched with expenses.

An unearned revenue can best be described as an amount A collected and currently matched with expenses. Unearned revenue can also be defined as prepayment customer deposits advanced payment or deferred revenue. D not collected and not currently matched with expenses.

A Definition and Examples for Small Businesses. Smenevacuundacy and 1 more users found this answer helpful. A prepaid expense on the books of the company that made the advance payment.

Unearned revenue is the money a company receives from a customer before the customer receives the product or service they paid for. Asked May 3 2021 in Business by beckys. An unearned revenue can best be described as an amount a collected and currently.

A prepaid expense on the books of the company that made the advance payment. Collected and currently matched with expenses. Accounting questions and answers.

Asked May 3 2021 in Business by torisimonx0. In accounting unearned revenue is prepaid revenue. The unearned revenue is the revenue which collected from the customer but has not been performed yet by the firm.

63 An unearned revenue can best be described as an amount 1 Point collected and currently matched with expenses. D not collected and not currently matched with expenses. So it is that amount which is collected and presently not matched with that expense.

Marked out of 100 An unearned revenue can best be described as an amount Select one. Unearned revenue is recorded on a companys balance sheet as a liability. Not collected but currently matched with expenses.

Accounting questions and answers. An unearned revenue can best be described as an amount - 22531545 Determine the approximate percentage of reported scores that would be between 400 and 600 between 500 and 700 greater than 700 less than 200. 0 not collected and not currently matched with expenses.

Collected and reported on the income statement. Asked May 9 2021 in Business by MadMax. Unearned revenue on the books of one company is likely to be a.

Asked May 9 2021 in Business by Android. B collected and not currently matched with expenses. An unearned revenue can best be described as an amount a collected and reported An unearned revenue can best be described as an School Polytechnic University of the Philippines.

An unearned income can best be described as an amount. An unearned revenue can best be described as an amount A collected and currently matched with expenses.

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