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BusinessBusiness
25 September, 01:14

recognized as revenue and already received and recorded. recognized as revenue but not yet received or recorded. recognized as revenue and recorded as liabilities before they are received. received and recorded as liabilities before they are recognized as revenue.

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  1. 25 September, 01:25
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    Revenue

    Unaccrued

    Accrued

    Deferred revenue

    Explanation:

    An amount which is received, recognized and recorded as a revenue is termed as a Revenue.

    An amount which is recognized as a revenue but not yet received and recorded is an unaccrued revenue, it is an asset as well.

    An amount which is recognized and received in advance so it is a liability is an accrued revenue.

    An amount which is not yet recognized as a revenue but treated as a liability is a deferred revenue.
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