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15-04-2022
Business

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Amounts received in advance from customers for future products or services are typically recorded in a liability account called _______.

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16-04-2022

Answer:Unearned Revenues

Explanation:Unearned revenues, or deferred revenues, are amounts received in advance from customers for future products or services. Also arise with airline tickets sales, magazine subscriptions, construction projects, hotel reservations, gift cards sales, and custom orders.

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