What type of account is Unearned Income?
A) Income
B) Expense
C) Liability
D) Asset

Name: What type of account is Unearned Income? A) Income B) Expense C) Liability D) Asset
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Question

Quizplus · Accepted Answer

Unearned income is a liability account that represents revenue received in advance for goods or services that have not been provided yet. It is considered a liability because the business owes the customer the goods or services in the future.

What Type of Account Is Unearned Income