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"Deferral means Accrual " whether the statement is true? Explain.

"Deferral means Accrual " whether the statement is true? Explain.

by Mehedi 15-13487 -
Number of replies: 1

Deferral accounting refers to entries of payments after they're made. Unlike accrualaccounting, deferral accounting does not count revenue until the following accounting period, so it would be considered a liability on your financial statement during the period in which you paid for a product or service.

In reply to Mehedi 15-13487

Re: "Deferral means Accrual " whether the statement is true? Explain.

by Shahana Kabir -
Good observation.Thanks for reply.