The entry to recognize collection of cash for unearned revenue will include a debit to the cash amount and a credit to the unearned revenue account. A revenue account is one that has a credit balance. It includes all of the government's revenue receipts, often known as current receipts.
Revenue accounts are those that report the business's income and so have credit balances. Revenue from sales, revenue from rental income, revenue from interest amount, and so on are examples. Revenue is separated into two categories: operational revenue and non-operating revenue . These non-operating revenue sources are referred to as one-time occurrences.
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