Unearned revenue definition
Accounting Tools
MAY 6, 2023
Related Courses Accountants' Guidebook How to Audit Revenue Revenue Recognition What is Unearned Revenue? Unearned revenue is money received from a customer for work that has not yet been performed. It is essentially a prepayment for goods or services that will be delivered at a later date. It is most commonly associated with situations where the seller has power over the buyer, or where the seller is providing customized goods to the buyer.
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