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What is a deferred revenue account?

Julian Cook | 2023-05-07 23:44:35 | page views：1802
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Ava Gonzales

Studied at the University of Johannesburg, Lives in Johannesburg, South Africa.
Deferred 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.
2023-05-07 23:44:35
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Gabriel Wilson

QuesHub.com delivers expert answers and knowledge to you.
Deferred 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.
What is deferred revenue? | AccountingCoach
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