Why do we sometimes record a revenue or expense as a deferred item? Wouldn t it be

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Why do we sometimes record a revenue or expense as a deferred item? Wouldn

t it be easier to always record revenue to a revenue account and remove any unearned revenue at year

-

end?

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Financial Accounting and Reporting a Global Perspective

ISBN: 978-1408076866

4th edition

Authors: Michel Lebas, Herve Stolowy, Yuan Ding

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Posted Date: Apr 20, 2024 12:08 AM

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Why do we sometimes record a revenue or expense as a deferred item? Wouldn t it be

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Heres why deferred revenue and expenses exist even though it might seem simpler to just remove unear... View the full answer

Financial Accounting and Reporting a Global Perspective

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