In the case of deferred revenue,the cash is received first,and the revenue is earned later.

Name: In the case of deferred revenue,the cash is received first,and the revenue is earned later.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Deferred revenue refers to the situation where cash is received from a customer or client before the goods or services are delivered. The revenue is not recognized until the goods or services are provided, even though the cash has already been received. Therefore, the statement is true.

In the Case of Deferred Revenue,the Cash Is Received First,and