What is deffered revenue?
Answers were Sorted based on User's Feedback
Answer / shivan
Revenue that is considered a liability until it becomes
relevant to the business at hand, such as a payment
received for work that has not yet been performed. opposite
of deferred charge.
Is This Answer Correct ? | 18 Yes | 1 No |
Answer / aditya ratnam
A liability account used to collect deposits and other cash receipts prior to the completion of the sale.
Deferred revenue is important because it's the money a company collects before it actually delivers a product. For example, a software company sells and receives payment for a computer program before it gets delivered or installed. This doesn't get recorded as straight revenue because, if something goes wrong with the job, the money is at risk.
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / zaahedkhan
MOney that is recieved but not actually earned i-e product
is not yet delivered or service is not yet permormed
Is This Answer Correct ? | 1 Yes | 0 No |
When Shares Are Allotted to Shareholders at Par What Entry Will Be Passed?
0 Answers Joint Stock Company,
Highlight the key features of Union Budget 2017
What is the theme of the Olympic Torch?
What do you know about Chief of Planning Commission and Election Commission etc.
Mention the role of Actuary in consulting firm?
What is Plastic Money?
What are the various services provided by a commercial bank?
0 Answers State Bank Of India SBI,
Tell about the fixed deposits?
0 Answers State Bank Of India SBI,
Full form of SIDBI? Does it play any role in removing unemployment?
Dear all, Let me introduce myself first. Myself is Meera. I have done B.Com and after that i have completed PGDBM(Finance) in 2007 after that i was with ICICI Bank Ltd. I left that job and as of now i didn't get job due to the mobility problem as i want job in gandhidham. Moreover i want to do some courses of Stastics. So if anyone have knowledge regarding short-term stastics courses plz let me inform abt that and if there a job for PGDBM (Finance) then also plz guide me .
What in external debt economy?
I am BSC(biology) graduate,and MBA(graduate) from Andhra university in 2002 ,after that i got married now i want to do job please suggest how to proceed