Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 17 - No. 49)
Which of the following is an example of unearned revenue?
Rent paid by a tenant for the current month.
Cash received from a customer for services to be performed in the future.
Fees earned from consulting services rendered.
Interest earned on a savings account.
Explanation
Unearned revenue represents the liability for the company to provide services.
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