What is the meaning of deferred revenue?

Answer Deferred revenue is seen as a liability that will in the course of time accrue to be an asset. There are specific provisions in all accounting principles for handling deferred revenue. Revenue is d... Read More »

Top Q&A For: What is the meaning of deferred revenue

How to Account For Deferred Revenue?

Knowing how to handle deferred revenue is an important part of the accountant's job. Cash paid to a company for goods or services not yet rendered must be treated as deferred revenue; it cannot be ... Read More »

What Is the Meaning of Gross Revenue?

Every business that is run for profit has the same basic goal: to sell goods or services to customers at prices that bring in more money than the company spends to create or offer goods and service... Read More »

What is deferred compensation?

Deferred compensation is an arrangement between an employee and employer. The employer holds back wages from the employee, and the earnings go into an interest-bearing account for the employee.Tax ... Read More »

What is a deferred tax liability?

Corporations pay taxes just like any other legal entity. The rules of financial accounting vary from the tax laws, leading to timing differences in recording certain transactions for accounting pu... Read More »