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WebOct 5, 2024 · Unearned revenue is recorded whenever a customer pays for a service or product before they receive it. Your business receives the money upfront, and then does the work to earn it at a later date. Sometimes it’s also called deferred revenue, prepayment, or advance payments. For large projects, it may take weeks or months between when a ... WebJan 5, 2024 · What is unearned revenue? The unearned revenue definition is the revenue a business receives before providing a good or service. Unearned revenue is similar to a … guy barthes aude
Unearned Revenue: What It Is, How It Is Recorded and Reported
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