When an individual or company receives money for a service or product that has yet to be fulfilled.
Found on
https://www.encyclo.co.uk/local/21657
Unearned revenue, also called?deferred revenue, is the liability or amount of money owed for payment of goods or services by a customer before the goods or services have been delivered to that customer. In other words, if a customer pays for a good or service before the company delivers it, the company has to recognize that it owes the customer for...
Found on
https://www.myaccountingcourse.com/accounting-dictionary/accounting-diction
No exact match found.
