unearned revenue

(redirected from Unearned Revenues)
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ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.unearned revenue - personal income that you did not earn (e.g., dividends or interest or rent income)unearned revenue - personal income that you did not earn (e.g., dividends or interest or rent income)
income - the financial gain (earned or unearned) accruing over a given period of time
revenue enhancement, tax, taxation - charge against a citizen's person or property or activity for the support of government
2.unearned revenue - (accounting) income received but not yet earned (usually considered a current liability on a company's balance sheet)
accounting - a system that provides quantitative information about finances
income - the financial gain (earned or unearned) accruing over a given period of time
References in periodicals archive ?
In accounting terms, the funds received from customers amount to unearned revenues, a liability.
Thus, when directly converting expenses, prepaid expenses have the same effect on expenses as unearned revenues have on revenues because both represent prepayments (deferrals).
Liabilities of this nature include notes payable, trade accounts payable, accrued wages payable and associated payroll liabilities, interest and rent payable and unearned revenues.
Because the Company has not delivered the clay, the Company believes such amounts should have been classified as unearned revenues and reported as liability on the Company's balance sheet.
Other examples may be estimated liabilities such as product warranties and lawsuit settlement, unearned revenues such as subscriptions paid in advance, depreciation (ACRS and MACRS are not recognized under GAAP), difference in basis of assets (tax basis in prior years being reduced for ITC), and foreign currency transactions.