Final answer:
Unearned revenue is the liability created when a company receives cash for services to be provided in the future.
Step-by-step explanation:
The liability created when a company receives cash for services to be provided in the future is known as unearned revenue. Unearned revenue represents an obligation of the company to deliver the services in the future. It is categorized as a liability because the company has received payment in advance but has not yet earned the revenue.