Deferred Revenue is an alternative name for the Shareholders' equity account typically known as Retained Earnings.

Question

Quizplus · Accepted Answer

Deferred Revenue is actually a liability account and represents payments received for goods or services that will be provided in the future. Retained Earnings, on the other hand, is a shareholders' equity account that represents a company's accumulated profits that have not been distributed as dividends.

Deferred Revenue Is an Alternative Name for the Shareholders' Equity