See Also: Accounts Payable Unearned Revenue Definition Unearned revenues are titles for certain revenues that have not been earned. You can also call unearned revenues deferred revenues. Though it seems comically intuitive, unearned revenue is very important and often observed in the real world. In accounting, they are represented as liabilities on the balance sheet. This is
See Also: Deferred Income Tax Deferrals Income Statement Accounting Principles Generally Accepted Accounting Principles (GAAP) Deferred Revenue Definition Deferred revenue is considered a liability to companies that contain them. It occurs because a customer has paid for a product or service, but the company has yet to provide the product or perform the service. Deferred
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