Deferred revenues refer to:
A)Customers paying cash in advance of the good or service to be provided.
B)Revenue being recorded prior to cash collection from the customer.
C)Revenue being recorded at the same time the cash is collected from the customer.

Question

Quizplus · Accepted Answer

Deferred revenues refer to customers paying cash in advance of the good or service to be provided. This means that the revenue is received before it is actually earned, and must be recorded as a liability until the goods or services are provided.

Deferred Revenues Refer To