Unearned Revenue
Unearned revenue, also known as deferred revenue, represents advance payments a company receives for products or services that are to be delivered or performed in the future. It is considered a liability on the balance sheet since the company has an obligation to provide goods or services to the customer. Website: Phone: +1 (416) 555-0123 Address: 89 Maple Avenue, Toronto, ON M5H 2N2
Unearned Revenue. Unearned Revenue.