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What is deferring income?

Harper Turner | 2023-05-07 23:43:51 | page views：1663
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Benjamin Brown

Works at the International Atomic Energy Agency, Lives in Vienna, Austria.
Deferred income (also known as deferred revenue, unearned revenue, or unearned income) is, in accrual accounting, money received for goods or services which have not yet been delivered. ... The rest is added to deferred income (liability) on the balance sheet for that year.
2023-05-07 23:43:51
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Olivia Foster

QuesHub.com delivers expert answers and knowledge to you.
Deferred income (also known as deferred revenue, unearned revenue, or unearned income) is, in accrual accounting, money received for goods or services which have not yet been delivered. ... The rest is added to deferred income (liability) on the balance sheet for that year.
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