Alyssa3290
Feb 11, 2009, 04:51 PM
Where does the unearned rent revenue go in the balance sheet?
pready
Feb 11, 2009, 05:12 PM
It is a current liability
noahchase1
Feb 11, 2009, 05:38 PM
It's a liability until earned. Then it becomes revenue.
Cynthia514
Feb 12, 2009, 12:40 PM
It is a current liability
Predy, we can't just say it's in the current liability because in case you have an unearned lease revenue for, let say 10-15 years. Just the current portion will be considered as current and the rest is long-term liabilities.