unearned revenue |
|
Definition
Payment received before a good is sold or a service is provided. Unearned revenue is classified as a current liability on the balance sheet until it is recognized as earned during the accounting cycle.
email to a friend
print this definition
cite this definition
link to this page
unearned revenue is in the Accounting & Auditing and Banking, Commerce & Finance subjects.
unearned revenue appears in the definition of the following term: overapplied overhead
This content can be found on the following page:
http://www.businessdictionary.com/definition/unearned-revenue.html