Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

What is the difference between earned income, unearned (deferred) income, and accrued income?

user-image
Question added by HANNA SABA , Team Leader (Administrative Support), including translation, editing, and writing , Deloitte
Date Posted: 2014/05/11
Muna Barre
by Muna Barre , Employee relations/ Office Administrator/ Receptionist - Front Office/ Telephone Operator , Abu Dhabi Gas Liquefaction Limited (ADGAS)

accrued revenue = booked revenue on income statement but have not earned it.

deferred revenue = earned revenue but have not booked it.