what is deferred revenue?

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what is deferred revenue?

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Noruhan 6 months 1 Answer 355 views 0
Noruhan

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  1. 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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