Comments on: What accounting account do service contracts go under? http://www.il-violino.com/accounting-service/what-accounting-account-do-service-contracts-go-under Get information on accountant service that is right for you Fri, 27 Aug 2010 06:24:59 +0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Ry http://www.il-violino.com/accounting-service/what-accounting-account-do-service-contracts-go-under/comment-page-1#comment-243 Ry Sat, 28 Nov 2009 05:25:59 +0000 http://www.il-violino.com/accounting-service/what-accounting-account-do-service-contracts-go-under#comment-243 If you are talking about a business contract like you agreeing to supply someone, and they pay you before you have supplied them then it would be a liability under Unearned Revenues. However if you supply them first then it would go under Accounts recievable.<br><b>References : </b><br>Financial Accounting Classes If you are talking about a business contract like you agreeing to supply someone, and they pay you before you have supplied them then it would be a liability under Unearned Revenues. However if you supply them first then it would go under Accounts recievable.
References :
Financial Accounting Classes

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