Vocab Bloom Hub

unearned revenue

/ʌnˈɜːnd ˈrevənjuː/

1 entry

phrase

/ʌnˈɜːnd ˈrevənjuː/C1formalbusiness
  • ruДеньги, полученные компанией за товары или услуги, которые ещё не были поставлены или выполнены, учитываемые как обязательство в балансе до момента получения дохода.

Money received by a business for goods or services that have not yet been delivered or performed, recorded as a liability on the balance sheet until earned.

  1. Prepaid incomeC1formal

    Money received by a company for goods or services that have not yet been delivered or performed. It is recorded as a liability on the balance sheet.

    ruДоход будущих периодов

    • The company recorded the advance payment as unearned revenue.
    • Unearned revenue is recognized as income only after the service is provided.
    • The accountant adjusted the unearned revenue account at the end of the quarter.