Deferral means Accrual " whether the statement is true? Explain. by Zidan Hasan - Wednesday, 2 December 2020, 3:57 PM Number of replies: 0 An accrued expense is a liability that represents an expense that has been recognized but not yet paid. A deferred expense is an asset that represents a prepayment of future expenses that have not yet been incurred.so the statement is false. Permalink