Is Prepaid Rent an Asset or Liability?
Not an uncommon question we see come up around prepaid rent is the question of “is it asset or a liability?”. This of course depends on whether you are the … Read More
Tag: unearned revenue
Unearned Revenue Normal Balance
A question we noticed that comes up quite regularly for those new to accounting is what is the normal balance of unearned revenue. It is bit of a strange balance … Read More
Unearned Revenue Accounting
Unearned revenue is money received by a business for which the goods and / or services the payment is for have yet to be provided. Sometimes this type of revenue … Read More