Deferred credits will appear on the balance sheet with the
Asked by admin @ in Accountancy viewed by 477 People
Deferred credits will appear on the balance sheet with the
Answered by admin @
The deferred credit is kept as a liability on the balance sheet until the revenue is actually earned. Then, it is recognized as income and the liability is removed from the balance sheet. Deferred credit is also known as deferred revenue, deferred income or unearned income.
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