What is deffered revenue?

Question Posted / pt

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What is deffered revenue?..

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.

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What is deffered revenue?..

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.

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What is deffered revenue?..

Answer / zaahedkhan

MOney that is recieved but not actually earned i-e product
is not yet delivered or service is not yet permormed

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1 Yes

0 No

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