Question: What will be a great reply for this post from my instructor? Reply in a one full paragraph with 7 complete sentences. When grants are

What will be a great reply for this post from my instructor? Reply in a one full paragraph with 7 complete sentences.

When grants are not funded deferred revenues come in hand. Deferred revenues are a liability account used to collect deposits and other cash receipts prior to the completion of the sale. Deferred revenue is important because it is the money a company collects before it actually delivers a product this being the reason that revenues are not normally increased by the total ending balance. There are many circumstances that require deferred revenues of governmental funds to be reduced or eliminated to derive the governmental-wide information. With knowing this; provide an example related to a Criminal Justice agency of why they would receive deferred revenue.

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