What Is Unearned Revenue and How to Account for It
Content Unearned revenue and the conservatism principle The Endless Possibilities of Unearned Revenue Company ProfitWell Recognized: A simple way to recognize unearned revenue Kirsten is also the founder and director of Your Best Edit; find her on LinkedIn and Facebook. While it’s assumed that money will one day be recognized, it can’t be guaranteed until the work is performed. Therefore, it belongs as a liability until the risk of repayment is gone. Accrued revenue—an asset https://www.bookstime.com/ on the balance sheet—is… Read More »What Is Unearned Revenue and How to Account for It