What is the difference between deferred revenue and accrued revenue?

Answer»

S.no	deferred revenue	accrued revenue
1.	It is USED in the situations in which MONEY has been received, but the services and GOODS have not been supplied	It is used in the cases in which payment has not been collected, but the services and products have been supplied
2.	Deferred Revenue does not impact the NET income or loss	Accrued Revenue affects the net income or loss because it is recorded in the income statement

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