What is deffered revenue?
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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.
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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 |
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