A revenue for which the service has been performed but that has not been recorded is a deferred revenue.

Question

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Deferred revenue refers to money received by a company for goods or services yet to be delivered or performed; it is recognized as a liability on the balance sheet until the service is performed or goods are delivered, at which point it is recognized as revenue. Revenue for which the service has been performed but not yet recorded is not deferred revenue; it is unrecorded revenue that should be recognized in the financial statements once the service is completed.

A Revenue for Which the Service Has Been Performed but That