Unearned revenue: When it become earned?

๐”๐ง๐ž๐š๐ซ๐ง๐ž๐ ๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž: ๐–๐ก๐ž๐ง ๐ˆ๐ญ ๐๐ž๐œ๐จ๐ฆ๐ž ๐„๐š๐ซ๐ง๐ž๐?

๐”๐ง๐ž๐š๐ซ๐ง๐ž๐ ๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž: ๐–๐ก๐ž๐ง ๐ˆ๐ญ ๐๐ž๐œ๐จ๐ฆ๐ž ๐„๐š๐ซ๐ง๐ž๐? The questions like what is unearned revenue? How to calculate it and recognize it? When is it transferred from the balance sheet to the income statement? All these questions are addressed here just read ahead! What Is Unearned Revenue? Unearned revenue can also be calledย deferred revenue. It is the …

๐”๐ง๐ž๐š๐ซ๐ง๐ž๐ ๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž: ๐–๐ก๐ž๐ง ๐ˆ๐ญ ๐๐ž๐œ๐จ๐ฆ๐ž ๐„๐š๐ซ๐ง๐ž๐? Read More »