understand deferred revenue journal entry as I am new to this term in accounting.

Description

Suppose you are responsible for managing the account. In that case, it is crucial to record a company’s earnings and spending precisely to make sure the correct financial reporting is submitted to the tax file. One area that every accountant and employer must know is deferred revenue journal entry. It is classified as a financial transaction to record revenue for an item or service that has not yet been provided to the customer. 

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