That's why it's a liability for accounting purposes. Deferred revenue reflects key accounting principles, ensuring financial transparency and accuracy. Under accrual accounting, companies ...

He said the calculation of liabilities arose because of ... with the Standards of Generally Recognised Accounting Practice (GRAP). The financial statements submitted for audit were not prepared ...

and other accounting rules used in compiling data on the financial assets and liabilities of the financial corporations sector (monetary statistics) and all economic sectors (financial statistics) of ...