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

Name: Unearned revenue would be classified as a(n)________ account. A) liability B) asset C) revenue D) equity
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Question

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Unearned revenue is a liability as it represents the obligation of the business to provide goods or services in the future to the customers who have made a payment in advance. The revenue will be recognized and recorded as the liability is reduced and the obligation is fulfilled.

Unearned Revenue Would Be Classified as A(n)________ Account