1.what is loan and what is lease?
2.what is defered revenue? and expenditure?
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Answer Posted / shirisha
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.
The act of giving money, property or other material goods
to a another party in exchange for future repayment of the
principal amount along with interest or other finance
charges. A loan may be for a specific, one-time amount or
can be available as open-ended credit up to a specified
ceiling amount. loans are taken in many ways like ,
starting business , house loan , education loan, aboard
study loan, vehicle loan.
lease means a property rights given to a person for some
specified time .IT is an rental agreement made between 2
persons .
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