What are Unearned revenues in basic accounting?
The title of the liability account that reports amounts that were received by the company before they were earned are called unearned Β Revenues.
Try to avoid getting your business into too much debt and also avoid too many accounts receivables from companies that are not established or that have bad credit ratings. It’s easy to find reviews about almost any company by searching the internet so make sure you do it before issuing any form of credit.