jrhyperbyte

what is a deferred revenue?

jrhyperbyte

and what is a online presence?

David.Pagotto

Hello,

Deferred Revenue: Revenue is money earned which appears on the Income Statement. Deferred revenue represents money received or promised but not recognized as earned because the work hasn't been done yet, and therefore sits on the Balance Sheet under the Liability section. (A liability is money a company owes, this rings true, because if the job is never done, the money is due back!) Once the job is complete (or partially done) the deferred revenue (or a portion of it) is transferred to the appropriate revenue account. An example of this would be in the construction industry, often work is done in stages. You can transfer or recognize the amount earned once a particular phase is complete.

Online Presence: An online presence is defined as an entity of pages that can be reached via a joint address - A WEB ADDRESS, basically just a website.

Hope this helps!

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