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What is unearned revenue?
Unearned revenue is a logical deviation of earned revenue

This is because in accounting. Receiving cash is not the same as earning revenue. in short, a cash receipt is not the same as receiving cash.

As per the revenue realization concept, a company will realize revenue if services are performed or there is any evidence that the revenue is earned

Unearned revenue is money that a company received for services not yet rendered or delivered.

And since it is not yet delivered or rendered, unearned revenue is called liability, not an asset.

Examples
1. Apprentice premium carried over
2. Company received cash 10,000 but is yet to deliver goods.

That will be all for now,
Ok, can you tell me other examples of unearned revenue?

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