Question

_________revenue arises when a business receives cash in one period, but does not provide all of the related goods or services until a later period. (Enter only one word.)

Answer 1

Answer:

Deferred

Explanation:

Deferred revenue arises when a business receives cash in one period, but does not provide all of the related goods or services until a later period.

Deferred revenue are the payment received by the company or individual in advance for the product which is not been delivered yet or for the services which are not yet performed. It is not considered as revenue by companies, that´s why they report the deferred revenue as a liability in the balance sheet of the company.