What is deferred revenue?
Answer / murali krishna
Deferred revenue, or unearned revenue, refers to advance payments for products or services that are to be delivered in the future. The recipient of such prepayment records unearned revenue as a liability on a balance sheet, because it refers to revenue that has not yet been earned, but represents products or services that are owed to a customer. As the product or service is delivered over time, it is recognized as revenue on the income statement.
Is This Answer Correct ? | 0 Yes | 0 No |
what in contingent liabilities
how to attract the HR person and give me tips
23 Answers Bajaj Capital, BPO, Brigade, EDS, HCL, Infosys, Sitel, Wipro,
profarma of letter of credit
what do you mean by BPO,KPO
what is open item managed account?
What is mean by Dis-investment
what is the document spliting?
What are the Goddwill calculation Methods?
what is the distinction between Bill of Exchange and a Cheque
Expand ------NITES
what is difference between b.r.c and f.i.r.c
Executed Babu’s order. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?