menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting Tools Study Set 4
  4. Exam
    Exam 3: The Accounting Information System
  5. Question
    Unearned Service Revenue Is Classified as a Liability on the Balance
Solved

Unearned Service Revenue Is Classified as a Liability on the Balance

Question 52

Question 52

True/False

Unearned Service Revenue is classified as a liability on the balance sheet.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q48: Are advanced receipts from customers treated as

Q49: Posting is performed by transferring information from

Q50: At February 1, 2022, the balance in

Q51: Assets are decreased with a credit.

Q52: The dividends account is a subdivision of

Q54: Prepaid expenses are assets.

Q56: Transactions in a journal are initially recorded

Q57: A credit is <b>not</b> the normal balance

Q125: Transactions are entered in the ledger first

Q135: The normal balance of all accounts is

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines