Opposing deferred revenue on a balance sheet is a typical indication that something is incorrect in your evaluation or your categorization. That would mean that the company has paid the clients, which indicates that the amount would be receivable like a negative liability is an asset visit: https://hireaccountantnow.com/all-you-need-to-know-about-deferred-revenue-journal-entry/

1. Deferred Revenue
Journal Entry

2. It is vital to correctly record everything related to the company's
revenue and expenditure when you are in charge of the accounting
department to ensure proper financial reporting. A deferred revenue
journal entry can help you with this. An accurate deferred revenue
journal entry can detect the company's liability owed to the client.
Keep scrolling through this presentation to learn in-depth about
deferred revenue journal entries.
Get Financial Clarity With Deferred
Revenue Journal Entry

3. A deferred revenue journal entry is categorized as a financial
transaction to record earnings obtained for a product or
service that has not yet been delivered to the clients.
Unearned revenue or unearned income is the other name of
deferred revenue journal entry.
Definition of Deferred Revenue
Journal Entry

4. Wrapping Up!
Generally, deferred revenue journal entry is a snapshot
of your company's financial condition. It shows on the
balance sheet as a liability until the organization
provides the item or service to the client. Since deferred
revenue is presented on the liability side of the balance
sheet, it is essential to record it correctly.

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