UNEARNED REVENUE
(noun)Did you mean?
Definitions
There are 2 meanings of the phrase
Unearned Revenue.
Unearned Revenue - as a noun
Personal income that you did not earn (e.g., dividends or interest or rent income)
Synonyms (Exact Relations)
unearned income(accounting) income received but not yet earned (usually considered a current liability on a company's balance sheet)
Synonyms (Exact Relations)
unearned incomeExample Sentences
"The company reported $50,000 in unearned revenue for the quarter."
"Accounting standards require the recognition of unearned revenue at the time of delivery."
"The unearned revenue will be recorded as a liability on the balance sheet."
"The company recognized $10,000 of unearned revenue in the current fiscal year."
"The company had $100,000 in unearned revenue on its books at the end of the year."
