Do unearned fees go into an income statement?

1 answer

Answer

1092755

2026-03-19 10:00

+ Follow

Not right away. When you record unearned fees or revenue it only hits the balance sheet.

Ex: Debit- Cash or AR (Asset Account)

Credit- Unearned Revenue (Liability)

It is a liability until the revenue is earned in which case you then

Debit: Unearned Revenue

Credit: Revenue/Sales Account (finally and income statement account!)

ReportLike(0ShareFavorite

Copyright © 2026 eLLeNow.com All Rights Reserved.