Explain deferred revenue?
Submitted by: MurtazaDeferred revenue is not yet revenue. It is an amount that was received by a company in advance of earning it. The amount unearned (and therefore deferred) as of the date of the financial statements should be reported as a liability. The title of the liability account might be Unearned Revenues or Deferred Revenues.
Submitted by: Murtaza
Submitted by: Murtaza
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