Prepaid expense

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Deferred, in accrual accounting, is any account where the asset or liability is not realized until a future date (accounting period), e.g. annuities, charges, taxes, income, etc. The deferred item may be carried, dependent on type of deferral, as either an asset or liability. See also accrual.

See also

Look up deferral in Wiktionary, the free dictionary.

• Deferred tax
• Revenue recognition
• Matching principle
• Accrual basis accounting
• Accruals in accounting

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