Discussion Topic

" Deferral means Accrual "

" Deferral means Accrual "

by Fatema Toz Johora 241-25-055 -
Number of replies: 1

Accrual and Deferral are a part of those types of accounting adjustment entries where there is a time lag in the reporting and realization of income and expense. Accrual occurs before payment, or a receipt and deferral occur after payment or a receipt. These are generally related to revenue and expenditure largely.