Subscription received but not yet earned is considered as a/an in the balance sheet.

expense

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equity

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liability

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asset

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Solution

The correct option is C liability
When an income is received in advance it is treated as liability. Subscription received but not yet earned is considered as a liability.

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Similar questions

Subscription received but not yet earned is considered as a/an ________.

Income received in advance but not earned will appear in the balance sheet as ___.

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