Which one of the following is an example of a deferred revenue? a.Cash is received prior...
Which one of the following is an example of a deferred revenue?
a.Cash is received prior to providing the services to customers.
b.Sales are made to customers on credit.
c.Cash sales are made to customers.
d.Interest has been earned by a bank deposit, but it has not been recorded.
Homework Answers
Deferred revenue is that revenue which is not earned but cash is received.
Sales are made to customers on account is an accrued revenue example
Cash sales are made to customer are earned revenue
Interest has been earned by a bank deposit is also accrued revenue
So answer is a) Cash is received prior to providing the services to customers
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