3 Quiz Question 10 of 11 If the cash is received before the

3 Quiz Question 10 (of 11) If the cash is received before the related goods or services are delivered, which of the following will be recorded? O Unearned Revenue, a liability Accounts Receivable, an asset O Pre-earned Revenue, which increases Retained Earnings O Service Revenue, which increases Retained Earnings

Solution

When the Cash is received before the related goods or services are delivered which will be recorded as Unearned Revenue, a Liability ( Untill the goods or services are delivered no revenue is recorded but records as a liability account Unearned Revenue)