what is deferred revenue?

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what is deferred revenue?

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Noruhan 1 year 2020-10-25T18:11:33+00:00 1 Answer 445 views 0

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    2020-10-25T18:12:39+00:00

    Deferred revenue, also known as unearned revenue, refers to advance payments a company receives for products or services that are to be delivered or performed in the future. The company that receives the prepayment records the amount as deferred revenue, a liability, on its balance sheet.

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