Income received in advance but not earned will appear in the balance sheet as ___. Options: A . &nbspCapital B . &nbspAssets C . &nbspLiabilities D . &nbspRevenue

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

Question

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

Options:

A . Capital

B . Assets

C . Liabilities

D . Revenue

Answer: Option C
:
C
Income received in advance but not earned will appear in the balance sheet as a liability.

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