Answered: Unearned Revenue is classified as a(n)…

Business

Accounting

Unearned Revenue is classified as a(n) ________ account. A. equity B. revenue C. liability D. asset

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 2EB: Consider the following accounts and determine if the account is an asset (A), a liability (L), or...

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Question

Unearned Revenue is classified as a(n) ________ account.

equity

revenue

liability

asset

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