What is the definition of deferral?
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Studied at McGill University, Lives in Montreal, Canada
In accounting this means to defer or to delay recognizing certain revenues or expenses on the income statement until a later, more appropriate time. Revenues are deferred to a balance sheet liability account until they are earned in a later period.
2023-05-11 23:44:34
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Oliver Gonzalez
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In accounting this means to defer or to delay recognizing certain revenues or expenses on the income statement until a later, more appropriate time. Revenues are deferred to a balance sheet liability account until they are earned in a later period.
