Category Archives: Learn Accounting

Deferred Revenue

What is Deferred Revenue? Deferred revenue means the payment received by a company in advance for some products that are yet to be delivered or services that have not been executed and yet to be performed. Therefore, deferred revenues are categorized as the liability of a company on its balance sheet rather than considering as… Read More »

What is Goodwill?

What is Goodwill? Goodwill of a company is considered as an intangible asset that reveals the reputation, customer connection and other relevant factors of the business. Goodwill represents the value of a business firm’s status. This value is not countable in the account book, but it can be realized if the business is ever sold… Read More »