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Feb 26- received $300 from a customer as a down payment on work to be undertaken on repairs to a cell. Is that unearned revenue.

Feb 26- received $300 from a customer as a down payment on work to be undertaken on repairs to a cell. Is that unearned revenue.
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Feb 26- received $300 from a customer as a down payment on work to be undertaken on repairs to a cell. Is that unearned revenue.

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User Jstuff
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1 Answer

3 votes
If that work is done than it's revenue or if the work is going to happen in future then it's unearned revenue.
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User Adrenaxus
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