The difference between deferred revenue and accrued revenue is that accrued revenue has been recorded and needsadjusting and deferred revenue has never been recorded.

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Deferred revenue refers to money received by a company for goods or services yet to be delivered or performed, thus it has been recorded as a liability. Accrued revenue refers to revenue that has been earned (for goods or services provided) but not yet received or recorded, indicating it needs to be recognized in the financial statements through an adjusting entry.

The Difference Between Deferred Revenue and Accrued Revenue Is That