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