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31 October, 18:08

Which of the following is considered to be unearned revenue?

-Concert tickets sold last month for yesterday's performance

-Concert tickets sold yesterday on credit for yesterday's performance

-Concert tickets that were not sold for the current performance

-Concert tickets sold for next month's performance

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  1. 31 October, 18:35
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    Answer: Concert tickets sold for next month's performance

    Explanation:

    Unearned revenue is the payment received by a business for services yet to be rendered or product that has not yet been delivered to the customer. Therefore, the tickets sold for next month performance is a good example of an unearned revenue.
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