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Glossary of Accounting Terms Used by Friedlander Advisory Services

Confused by certain terms used on our site? Our original glossary should cover whatever questions you may have about a term or phrase used on this site. However, if you still have questions about avoiding costs and our accounting procedures after examining this glossary, go ahead and <link to contact us page>get in touch with us to have your question taken care of personally.

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D

Deferred Revenue

Revenue that is considered a liability until work is rendered. An example of this is where there is upfront payment for work that has not been rendered yet. The payment is applied to the cash account, but at the same time there is a liability for the work that has not yet been rendered. The work then gets rendered against the liability.

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(727) 452-4926

Accounting Tampa
P.O. Box 14821
Clearwater, Florida 33766

Accounting Tampa | P.O. Box 14821, Clearwater, Florida 33766 | (727) 452-4926

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