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-   -   Classified balance sheet (https://www.askmehelpdesk.com/showthread.php?t=77289)

  • Mar 29, 2007, 04:33 PM
    hilliergirl
    Classified balance sheet
    Does unearned revenue go on a classified balance sheet??
  • Mar 29, 2007, 06:27 PM
    CaptainForest
    Yes it goes on the balance sheet.

    Unearned Revenue is a liability, most likely a shot term one.
  • Dec 14, 2007, 09:23 PM
    Future Accountant
    It does go on the balance sheet. And under Classified Balance sheet, it would go under the "Current Liabilities" section.
  • Dec 15, 2007, 02:18 AM
    manik chand dey
    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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