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Home > Business & Careers > Accounting   »   classified balance sheet

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Old Mar 29, 2007, 04:33 PM
hilliergirl
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classified balance sheet
does unearned revenue go on a classified balance sheet???

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Old Mar 29, 2007, 06:27 PM   #2  
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Yes it goes on the balance sheet.

Unearned Revenue is a liability, most likely a shot term one.
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Old Dec 14, 2007, 08:23 PM   #3  
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It does go on the balance sheet. And under Classified Balance sheet, it would go under the "Current Liabilities" section.
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Old Dec 15, 2007, 01:18 AM   #4  
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Unearned income that is income received in advance, is to be shown as a lialbility in the balance sheet.This portion of the income related to the next year for which services is yet to be rendered.
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