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What is a deffered revenue & deffered expenses ?
what is a means of accured revenue & accured expenses?
before & after
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Answer Posted / gunjan thakur
Revenue that is considered a liability until it becomes
relevant to the business at hand, such as a payment
received for work that has not yet been performed. opposite
of deferred charge.&....Expenses (such as wages, salaries,
and utility charges) which are incurred but for which no
payment is made during an accounting period. They are shown
in the balance sheet as a current (short term) liability.
Also called accrued liabilities.
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