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    hilliergirl's Avatar
    hilliergirl Posts: 6, Reputation: 1
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    #1

    Mar 29, 2007, 04:33 PM
    Classified balance sheet
    Does unearned revenue go on a classified balance sheet??
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    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's Avatar
    Future Accountant Posts: 4, Reputation: 1
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    #3

    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's Avatar
    manik chand dey Posts: 63, Reputation: 2
    Junior Member
    		  
    #4

    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.
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