What is the difference between deferred revenue and accrued revenue?
S.no | deferred revenue | accrued revenue |
---|---|---|
1. | It is used in the situations in which money has been received, but the services and goods have not been supplied | It is used in the cases in which payment has not been collected, but the services and products have been supplied |
2. | Deferred Revenue does not impact the net income or loss | Accrued Revenue affects the net income or loss because it is recorded in the income statement |
BY Best Interview Question ON 09 Apr 2019