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What is the difference between accruals and deferrals?

Caleb Richardson | 2023-05-07 23:43:51 | page views：1662
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Harper Foster

Studied at Stanford University, Lives in Palo Alto, CA
An example of the accrual of revenues is the interest earned in December on an investment in a government bond, but the interest will not be received until January. A deferral of an expense refers to a payment that was made in one period, but will be reported as an expense in a later period.
2023-05-09 23:43:51
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Isabella Patel

QuesHub.com delivers expert answers and knowledge to you.
An example of the accrual of revenues is the interest earned in December on an investment in a government bond, but the interest will not be received until January. A deferral of an expense refers to a payment that was made in one period, but will be reported as an expense in a later period.
What is the difference between an accrual and a deferral ...
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