What Is a Deferral? It’s Expenses Prepaid or Revenue Not …
Mar 28, 2019 · March 28, 2019. A deferral accounts for expenses that have been prepaid, or early receipt of revenues. In other words, it is payment made or payment received for products or services not yet provided. Deferrals allows the expense or revenue to be later reflected on the financial statements in the same time period the product or service was delivered.
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