3 thoughts on “All Types Of Items Shown As Current Liabilities”

  1. Unearned Revenue:

    You stated that these are prepayments or advances by customers:

    Example:

    Dr Cash
    Cr Unearned Rental Income

    I like to know if we can also have the following entry, wherethere is no prepayment:

    Dr Accounts Receivable
    Cr Unearned Rental Income

    More power,
    Teresa

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