Deferred Revenue and Earned Revenue in financial accounting: (a) Write short definition of these two terms from

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Deferred Revenue and Earned Revenue in financial accounting:

(a) Write short definition of these two terms from your own understanding and why they are important in the financial accounting.

(b) Can these terms be implemented in the University financial department?

(d) If No, why, and what is the alternative for revenue recognition.

Posted Date: Dec 28, 2021 05:25 PM

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Deferred Revenue and Earned Revenue in financial accounting: (a) Write short definition of these two terms from

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Solution a In simple words the Deferred Revenue basically means that the cash received ... View the full answer

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