What does the term deferred expense mean?

- Newsfeed
- Find People
- More
- - Products By Bayt.com
    
    Bayt.com
    
    Shagheel
    
    Specialities
    
    Learning
    
    Companies
    
    Salaries
    
    People
    
    Blog
    
    Podcasts
- - العربية
- Use Our Mobile App
  
  Get contacted by recruiters directly with our newest chat feature!
  
  Download Now

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Next Question:
What the difference between the deferred expense and the accrued expense?
Posted by:
Almutaz Bakry Sidahmed
17-May-2014

Question added by Ahmed Abdi Mahad , Director of Internal Auditing Directorate , Jigjiga University
Date Posted: 2015/04/24

Upvote (0) Views (5) Followers (1) Answers (2) Report Question

Write an Answer
Register now or log in to answer.

2 Answers

by FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

A deferred expense is a cost that has already been incurred, but which has not yet been consumed. The cost is recorded as an asset until such time as the underlying goods or services are consumed; at that point, the cost is charged to expense.

Upvote (1)

Downvote Reply () Report

Khaled Mohee Eldeen Abbas Mahmoud

by Khaled Mohee Eldeen Abbas Mahmoud , Chartered Accountant # 10465 , Self-employed

deferred expense means an expenses accrued and will be paid it later

Upvote (0)

Downvote Reply () Report

Popular Searches

Engineers Jobs Sales Executive Jobs Accountant Jobs Engineering Technicians Jobs Software Engineer Jobs

Write Your Answer

More Questions Like This

Define the term "Deferred Costs" and "Deferred Revenues".
Top Answer: <p>Deferred cost means , Cost will occur now but will expense out in future (Eg. Insurace Payments ... See More

Answers (10)
How Prepaid expense account differs from Deferred Expense account?
Top Answer: Prepaid expenses pertains to expenses incurred for a future period. Deferred expenses are those expense w ... See More

Answers (1)
What are the deferred expense?
Top Answer: <p>Deferred Expenses are prepaid expenses (asset)</p> See More

Answers (1)
Define the term "Deferred Tax". How do we classify it, as an asset or as a liability ?
Top Answer: <p>1). A deferred tax liability occurs when taxable income is smaller than the income reported on t ... See More

Answers (1)

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.

Get Help