Homework Answers
Answer
Unearned Revenue for 4 months = $400,000
Revenue per month = $400,000 / 4 = $100,000
Revenue to be recognised till 31 March = $100,000 x 3 months = $300,000
Balance in unearned revenue accounts as at 31 March = $400,000 - $300,000
=$100,000
Hence correct answer is option d. $100,000
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