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Unearned Revenue

Very similar to Deferred Revenue in that it is the dollar amount advanced by a customer for future delivery of a product or service.

Current Liabilities Section of the Balance Sheet

12/10/2013

The current liabilities section of the balance sheet identifies those amounts due to third parties within the current year.  These include accounts payable, credit card accounts, accrued payroll, taxes, unearned revenue, deposits and those amounts [...]