Definition of Deferred Revenue?
- Posted on November 19, 2019
- Financial Terms
- By admin admin
Deferred Revenue is an accounting concept which refers to any revenue received and accounted for, but for which the corresponding goods or services have not yet been delivered.
Therefore, this is a liability on the Balance Sheet as it is represents something which is owed (the good or service), but it is also added onto Revenue on the Income Statement.
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