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1. What is the difference between an accrued revenue and a deferred revenue? Explain in about 50 words to a non-accountant business-person. Provide an example

1. What is the difference between an accrued revenue and a deferred revenue? Explain in about 50 words to a non-accountant business-person.

Provide an example of an accrued revenue. (Not a journal entry but a narrative description of a scenario

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