Deferred income definitions

Deferred income

1) Income statement
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Deferred income

Deferred income (also known as deferred revenue, unearned revenue, or unearned income) is, in accrual accounting, money received for goods or services which have not yet been delivered. According to the revenue recognition principle, it is recorded as a liability until delivery is made, at which time it is converted into revenue. For example, a co...
Found on http://en.wikipedia.org/wiki/Deferred_income

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Deferred income

Income received during an accounting period for goods and services not yet supplied....more on Deferred income
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Deferred Income

Is income received in advance of the period in which it is earned. It must be carried forward as a liability on the balance sheet until it has been earned, when it is credited to the profit and loss account.
Found on http://www.encyclo.co.uk/local/20416

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Deferred income

(Also known as “Subscription liability�) Subscription payments made by subscribers to publishers in advance of issues being sent, and accounted for in the publisher`s Balance Sheets. After each issue is released a proportion of deferred income is transferred to the publisher`s Profit & Loss account (see also “Earned income�). ...
Found on http://www.encyclo.co.uk/local/20553

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Deferred income

Also known as income drawdown and flexible pension. See 'personal pension... <a target=_blank href='http://www.finance-glossary.com/terms/deferred-income.htm?id=385&ginPtrCode=00000&PopupMode=false' title='Read full definition of deferred income'>more</a>
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Deferred Income

- Income received but not earned until all events have occurred. Deferred income is reflected as a LIABILITY.
Found on https://www.encyclo.co.uk/local/21071

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