Solution-What is a prepaid expense deferral

What is a prepaid expense deferral

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Reference no: EM132646994

Question 1: What does the adjustment look like?

Question 2: What is a prepaid expense deferral?

Just like prepaid, a deferred expense is an advance payment. A deferred expense will not be a current expense but instead, become long term and accounted for at a later date. This deferred expense can be called a deferred charge and is considered an asset.

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What is a prepaid expense deferral : Just like prepaid, a deferred expense is an advance payment. What does the adjustment look like? What is a prepaid expense deferral?

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What is a prepaid expense deferral

Reference no: EM132646994

Reference no: EM132646994

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