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Forums › FIA Forums › Unearned Revenue
Hi,
I am very confused if this can actually be possible. In the case of signing a contract for a project that is approved and financed by the European Union. The money will come after partial implementation of the project. Are the following entries correct?
Dr Receivables
Cr Unearned Income
Dr Unearned Income
Cr Sales
Dr Cash
Cr Receivables
