Accounting Glossary Definition (English)

Unearned Revenue Defined
The following is in context to Accounting, because it's common for a single word to have multiple meanings you will find additional research links near the bottom of the page.
"When money comes in that will eventually be revenue but for the moment cannot be recognized as revenue it is called unearned or deferred revenue. Unearned is generally used in business and deferred in governmental funds. Rents collected in advance are an example of unearned revenue in business. The money has come in but the service has not been provided and thus not earned. The unearned revenue is a liability since the firm has the money and must still provide the goods or service in the future."
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Additional Unearned Revenue Definition Starting Points
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Expert Dictionary: Unearned Revenue



