DEFERRED Definition

Bookmark and Share

DEFERRED, in accounting, is any account entry where the asset or liability is not realized until a future date, e.g. annuities, charges, taxes, income, etc. The deferred item may be carried, dependent on type of deferral, as either an asset or liability.

Learn new Accounting Terms

CANCEL SUPPORTING DOCUMENTS is to mark supporting documents as having been used to support a transaction so the same documents can't be used to support another transaction. An example is stamping vouchers "paid.”

FORESEEABLE is what may be reasonably anticipated.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.