Meaning of the word "deferred revenue" in English
What does "deferred revenue" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
deferred revenue
US /dɪˌfɜːrd ˈrev.ə.nuː/
UK /dɪˈfɜːd ˈrev.ɪ.njuː/
Noun
A liability on a company's balance sheet that represents payments received for goods or services that have not yet been delivered or provided to customers. It is also known as unearned revenue.
Example:
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The software company recorded the annual subscription fee as deferred revenue until the service was fully provided.
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Understanding deferred revenue is crucial for accurate financial reporting.
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