Micholien

Okay Starbuk,
i can see where i went wrong now.

Question was not asking for ' unearned revenue" , but was saying that revenue is already earned , though cash collection is pending.
So, accounts recievable a/c dr and P&L A/c cr

It will be an unearned revenue when Cash is already collected in advance but income is not due to me., which is not the case here.
eg. When a plumber gets money in advance , for doing some work say, next month, then he will pass entry as cash a/c dr to unearned revenue.

Izen , i made you confused unnecessarily. Sory. :-) .Hope you got my mistake. I wrongly thought the cash is already recieved