Home / Questions /Q 307
Next
In Process
Oluwatobiloba Adenola
Oluwatobiloba Adenola

Oluwatobiloba Adenola

  • Abeokuta, Nigeria
View Profile
  • 0
Level 2
Asked: 2020-03-02T07:32:05+00:00 In:

If cash collected from customer is not yet recorded as revenue, what happens to it?

  • 0
If cash collected from customer is not yet recorded as revenue, what happens to it?
Share

    1 Answer

    1. It usually goes into “Deferred Revenue” on the balance sheet as a liability if the revenue has not been earned yet.

      • 0

    Leave an answer