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What is an example of a deferred revenue?

Charlotte Young | 2023-05-07 23:44:35 | page views：1801
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Benjamin Gonzales

Works at the World Health Organization, Lives in Geneva, Switzerland.
Upon delivery of the good or service to the customer, the deferred revenue is reclassified as an asset. An example of deferred revenue is when a cleaning company accepts the prepayment of its monthly fee for its services in advance for a whole year.
2023-05-17 23:44:35
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Julian Turner

QuesHub.com delivers expert answers and knowledge to you.
Upon delivery of the good or service to the customer, the deferred revenue is reclassified as an asset. An example of deferred revenue is when a cleaning company accepts the prepayment of its monthly fee for its services in advance for a whole year.
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