Accrued revenues have been recorded and need adjusting, while deferred revenues have never been recorded before the adjusting process.

Name: Accrued revenues have been recorded and need adjusting, while deferred revenues have never been recorded before the adjusting process.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Accrued revenues are earned but not yet recorded, requiring adjustment. Deferred revenues are recorded before being earned, needing adjustment to recognize the revenue over time.

Accrued Revenues Have Been Recorded and Need Adjusting, While Deferred