View Full Version : Classified balance sheet
hilliergirl
Mar 29, 2007, 04:33 PM
Does unearned revenue go on a classified balance sheet??
CaptainForest
Mar 29, 2007, 06:27 PM
Yes it goes on the balance sheet.
Unearned Revenue is a liability, most likely a shot term one.
Future Accountant
Dec 14, 2007, 09:23 PM
It does go on the balance sheet. And under Classified Balance sheet, it would go under the "Current Liabilities" section.
manik chand dey
Dec 15, 2007, 02:18 AM
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.