Question

unearned revenue is classified as
a contra - revenue account.
a revenue account.
a liability account.
an asset account.
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Explanation:

Unearned revenue represents money received for goods or services not yet provided, which creates an obligation (liability) to fulfill the service or deliver the goods. Contra - revenue accounts reduce revenue (e.g., sales returns), revenue accounts record earned revenue, and asset accounts represent resources owned. So unearned revenue is a liability.

Answer:

C. a liability account.