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Unearned Income/UER an asset or liability?

edited Jul 19, 2009 11:22PM in Projects - EBS (MOSC) 1 commentAnswered
 Hi all,

Having not much of Accounting background. I am curious to know whether Unearned income or Unearned revenue is an asst or Liability? It is appreciable if you could explain it briefly.

Thanks,

Abhijit

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