What type of account is Unearned revenue and what its normal balance?

1 answer

Answer

1270707

2026-03-10 18:55

+ Follow

Unearned revenue is a liability account. It is revenue that is received in one fiscal period despite the fact that revenue is not earned until another fiscal period. Its normal balance is credit.

ReportLike(0ShareFavorite

Copyright © 2026 eLLeNow.com All Rights Reserved.