Assertion: deferred income | /r/HasProperty | money
Facets:
Source sentences:
text: Deferred income (also known as deferred revenue, unearned revenue, or unearned income) is, in accrual accounting, money earned for goods or services which have not yet been delivered.
text: To put this more clearly, deferred income – the money that a company receives in advance – indicates the goods and services the company owes to its customers, while accrued expense indicates the money a company owes to others.