Meaning of the word "unearned revenue" in English
What does "unearned revenue" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
unearned revenue
US /ʌnˈɜrnd ˈrɛvəˌnu/
UK /ʌnˈɜːnd ˈrɛvɪnjuː/
Noun
money received by a company for goods or services that have not yet been delivered or provided to the customer
Example:
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The software company recorded the annual subscription fee as unearned revenue until the service was provided.
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Understanding unearned revenue is crucial for accurate financial reporting.
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