The Unearned Revenue account is closed at the end of every m
The Unearned Revenue account is closed at the end of every month.
True/False
Solution
Unearned revenue account is an account which represents amount received from customers towards goods or services to be provided in future. Unearned revenue account is a current account and is not closed at the end of any month but the balance is carried forward to next period
So, as per above discussion, the statement in the question is False
