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Expert Answers » Accounting

Accounting Glossary Definition (English)

Accounting Expert Answers

Unearned Revenue Defined

Accounting Unearned Revenue

Source: Yahoo

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

The following links are listed in alphabetical order. Please note we cannot guarantee Unearned Revenue definitions are contextually accurate to Accounting at third party websites.

Expert Dictionary: Unearned Revenue

Dictionary: Unearned Revenue

Google 'Define': Unearned Revenue

Topical Terminology:Unearned Revenue


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