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Lleweilun,

Deferred revenue is also known as "unearned revenue." The entry would be:

Debit Cash
Credit Unearned Revenue

Debiting increases assets like cash, accounts receivable and crediting increases liabilities like unearned revenue or notes payable, etc.

A common example of unearned revenue would be the rent received by the landlord. He/she has the cash in hand, but has not earned the rent until the end of the month. Under accrual accounting, revenue is recognized when earned and expenses are recognized when incurred and they should match.

I would recommend as an introduction "Accounting for Dummies." If you want something more indepth, then try Accoutning Principles by Weygandt, Kieso, and Kell.

Hope this helps,

Tom
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