Deferred revenue is another term for which of the following?
A) Trade payables
B) Sales revenue
C) Unearned revenue
D) Prepaid expenses

Question

Quizplus · Accepted Answer

Deferred revenue refers to income received by a company for goods or services that have not yet been delivered to the customer. This income is recognized as unearned revenue on the balance sheet until the delivery obligation has been met, at which point it can be recognized as revenue on the income statement. It is also referred to as unearned revenue.

Deferred Revenue Is Another Term for Which of the Following