Unearned Revenue
Unearned revenue is money received before a product is delivered or a service is provided. Itβs recorded as a liability on the balance sheet because the business still owes the service or goods. As the obligation is fulfilled, it is gradually recognised as earned revenue on the income statement.
More Items
Unit Trust
A unit trust is a collective investment scheme where investors pool funds to invest in diversified assets such as stocks,…
Underwriting Commission
Underwriting commission is the fee paid to underwriters for assuming the risk of buying and reselling securities or insurance policies.…
Unearned Discount
An unearned discount is the portion of a financial discount received before it is actually earned, typically on prepaid expenses…
This website uses cookies to improve your experience. You can accept all or reject non-essential cookies.