Any balance in an unearned revenue account is generally reported as a(n)

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Unearned revenue represents money received from customers for goods or services that have not yet been delivered or performed. Therefore, any balance in an unearned revenue account is a liability since the company still owes customers the goods or services they paid for. This liability is expected to be settled within a year, making it a current liability.

Any Balance in an Unearned Revenue Account Is Generally Reported