How Prepaid expense account differs from Deferred Expense account?

- Newsfeed
- Find People
- More
- - Products By Bayt.com
    
    Bayt.com
    
    Shagheel
    
    Specialities
    
    Learning
    
    Companies
    
    Salaries
    
    People
    
    Blog
- - 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:
Choose the correct answer about prepaid expense
Posted by:
Ahmed kandil
23-April-2015

Account Acquisition

Question added by Deleted user
Date Posted: 2016/11/07

Upvote (0) Views (3) Followers (1) Answers (1) Report Question

Write an Answer
Register now or log in to answer.

1 Answers

by Deleted user

Prepaid expenses pertains to expenses incurred for a future period.
Deferred expenses are those expense which have been delayed for a later period owing some current operational or finincial compulsions.

Upvote (0)

Downvote Reply () Report

Popular Searches

Engineers Jobs Sales Executive Jobs Software Engineer Jobs Accountant Jobs Sales Manager Jobs

Write Your Answer

More Questions Like This

Cash flow statements not analysis revenue and expenses accounts because of which of the following?
Top Answer: 1 / cash basis including admits Fllia affect the cash from revenues or expenses Lu alone accounting or ec ... See More

Answers (18)
Would you recommend that Accountants wait until collections are made from customers before recording Sales Revenue? or Charge it to expense Account?
Top Answer: if sales revenue earned, then it should be record. I recommend that Accountants should not wait until col ... See More

Answers (24)
Do it require any type of accounts required to be added to? Please help to edit and update wiki.
Top Answer: <p>Eliminate Contra Accounts</p> <p> </p> See More

Answers (16)
Young & jamison's modified cash-basis financial statements indicate cash paid for operating expenses of $150,0.
Top Answer: Option c: is correct beginning balance of prepaid5 plus total operating expenses cash paid150 minus endi ... See More

Answers (2)