What is the difference between an accrual and a deferral? Explain briefly.

Accrual ; is the payable amount due before receipt 

Deferral : postponed amount 

accrual are bills recognized and expenses  in the books of accounts that financial month or year. deferral is not accounted for in that period and moved to the next

Accrual is incurring the expenses and earning the revenue without paying or receiving cash.

Deferral is paying or receiving cash in advance without incurring the expenses or earning the revenue.

An accrual is either an expense or revenue that has not been paid or collected but recognized or recorded as related to the reporting period.

A deferral delays the recognition of either an expense or revenue that has been paid or collected.