Cash collected from the customers before goods are delivered is known as_____.
A)unearned revenue
B)deferred revenue
C)advances from customers
D)all of these answers are correct

Question

Quizplus · Accepted Answer

Cash collected from customers before goods are delivered is known as unearned revenue, deferred revenue, and advances from customers. These terms are used interchangeably to describe the same accounting concept.

Cash Collected from the Customers Before Goods Are Delivered Is