Hi Sir
Could some one please advise difference between accrued Revenue and un earned revenue
Thanks
3 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195281 Points)
Replied 13 January 2025
Accrued Revenue is earned but not yet received, whereas Unearned Revenue is received but not yet earned.
Accrued Revenue is recognized as revenue in the current accounting period, whereas Unearned Revenue is recognized as a liability until earned.
sabyasachi mukherjee
(27825 Points)
Replied 15 January 2025
Contingent expense is there in accounting parlance. Unearned revenue is generally not provided unless there is a certainty.
Yasaswi Gomes new
(Finance )
(4545 Points)
Replied 24 January 2025
There is nothing called unearned revenue apart from contingency. If it's sales, it's is already recognised. So what other contingency exists? Unearned/ unrealised (both are close here) gains exists on revaluations but not revenues.
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