Unearned revenues are generally:

Revenues that have been earned and received in cash.

Revenues that have been earned but not yet collected in cash.

Liabilities created when a customer pays in advance for products or services before the revenue is earned.

Recorded as an asset in the accounting records.

Increases to owners' capital.

References

Multiple Choice Difficulty: $2$ Medium Learning Objective: $02-$C$2$ Describe an account and its use in recording transactions.